RIVE Private Investment takes a significant stake in Logix.Aero to support a new phase of growth and investment
Paris, October 18, 2023. RIVE Private Investment, an independent European investment firm specialized in real assets, acquires a 50% equity stake in Logix.Aero, a leading player in short-term aircraft engine leasing and an expert in aeronautical parts management. This new phase strengthens a partnership that has been established between RIVE and Logix.Aero for over 10 years and will provide to Logix.Aero an additional capital for engine acquisitions.
The company manages a diversified portfolio of more than 100 engines, of two types: engines for propeller-driven aircraft such as ATR, Dash, and Canadair, and APU engines (auxiliary power units) used on Airbus, Boeing, and Embraer platforms. Logix.Aero’s largely international client portfolio consists of engine repairers (MROs), aircraft and engine manufacturers (OEMs), and airlines and civil security organizations on five continents.
The company manages a diversified portfolio of 132 engines, of two types: engines for propeller-driven aircraft such as ATR, Dash, and Canadair, and APU engines (auxiliary power units) used on Airbus, Boeing, and Embraer platforms. Logix.Aero’s largely international client portfolio consists of engine repairers (MROs), aircraft and engine manufacturers (OEMs), and airlines and civil security organizations on five continents.
RIVE strengthened collaboration
While the aviation sector has a strong leasing culture – half of commercial aircrafts are leased – the maintenance segment, where Logix.Aero is positioned, still lags in this respect and represents a potential growth of about ten times the current activity, allowing for a doubling in size over the next two years. RIVE and Logix.Aero share a long-term vision, recognizing the growing needs for innovative leasing solutions to support MROs, manufacturers, and operators.
The company plans to invest significantly in the coming years – an amount of approximately 100 million euros by 2026 – to continue to improve the efficiency and availability of its engines and expand its range of services while addressing related markets such as landing gear.
Camille Brunel, Partner at RIVE Private Investment:
« Aeronautics represents the largest sector for real asset leasing, with half of commercial aircraft owned by major lessors. Logix.Aero provides a leasing solution dedicated to engines during the aircraft maintenance cycle, very much in line with RIVE’s expertise, and it was only natural that we deepen our historic collaboration. We will support Logix.Aero’s transformation from an asset manager to a true leasing company with more assets in its ownership. The company’s growth strategy is also based on the desire to contribute to reducing the aeronautical industry’s footprint, through concrete measures to be announced shortly. This transaction is highly value-creating for Logix.Aero, to whom RIVE will provide additional means to continue its growth through asset acquisition, and for our investors. »
Jean-Christian Morin, President and co-founder of Logix.Aero:
« As a specialized player, auxiliary to repair workshops and operators, we organize the management and availability of aeronautical parts and enable them to maintain a very high aircraft availability rate as well as the highest technical integrity of maintenance operations. Optimizing the use of engines and preventing airlines from owning their spare units is a source of savings, punctuality, and reliability. By becoming the “availability” partner of maintenance teams, we allow them to focus on their areas of expertise: technical precision and safety. The maintenance market is backed by long-term supportive trends, and Logix.Aero is ideally positioned to capture value in this very specific segment. RIVE’s financial contribution and industrial expertise open up very promising prospects for us. »
About RIVE Private Investment
RIVE Private Investment is an independent European investment firm specializing in transportation assets and energy transition infrastructure. RIVE targets the small and mid-market and combines both financial and sector expertise. Founded in 2013 and operating in Paris, Luxembourg and Geneva, RIVE has financed more than €2.3 billion of assets through more than 100 transactions in over 15 countries.
Through its RTAIF fund, RIVE invests in assets that contribute to the decarbonization of the transport sector and/or serve essential needs, such as rail, specialized aviation (medical, fire-fighting and rescue, etc.) and maritime (electric ferries, support for offshore wind farms, etc.). Since its launch in mid-2021, the RTAIF fund has deployed more than €200 million of capital in 10 OECD countries.
About Logix.Aero
Founded in 2009, Logix.Aero is a European company specializing in short-term aircraft engine leasing. The company manages a diversified engine portfolio, of two types: main engines for propeller-driven aircraft such as ATR, Dash, and Canadair, and auxiliary engines (APU) used on Airbus, Boeing, and Embraer platforms. Logix.Aero’s client portfolio, which is very international, consists of engine repairers (MROs), aircraft and engine manufacturers (OEMs), and airlines and civil security organizations on five continents. The company is also active in parts and engine repair management, end-of-life engine management and recycling, and spare parts supply for its clients. The Logix.Aero teams are located close to their clients in France, Britain, Ireland, Canada, the USA, China, Thailand, and Indonesia.
For further information: https://logix.aero/
Press contact:
Bénédicte Debusschere – b.debusschere@bcadvisory.fr – 06 48 56 70 71
Victoria Wojtczak – v.wojtczak@bcadvisory.fr – 06 79 75 01 66