26 / 10 / 2020

APOC Aviation chooses Egeria as strategic investment partner

Rotterdam, 26 October 2020 – APOC Aviation, a Dutch aircraft part-out, engine and landing gear trading and leasing company, attracted Egeria as investor to accelerate its growth strategy with global expansion targets. Founder and CEO Max Lutje Wooldrik retains his interest in the company, while current shareholder Antea and other investors sell their stake. The financial details of the transaction have not been disclosed.

APOC, as an aircraft part-out, trading and leasing company, is active in high quality used and serviceable parts for the aircraft maintenance market. The Company has achieved strong organic growth since its inception and is very well positioned to take advantage of the significant opportunity that currently exists in the aircraft parts and leasing market given its focus on reliability, speed and delivering an optimal service to its customers.

Max Lutje Wooldrik said: “I am delighted that APOC has attracted a significant investment from Egeria to support and accelerate the next phase of our exciting growth ambitions in coming years. We were already talking to Egeria before COVID-19 hit, there was a great connection and they were enthusiastic about our vision to become a $100 million company within the next few years. Currently it is an energetic buyers’ market and with this investment and future backing from Egeria we are now well positioned to take advantage of the right assets to meet our strategic goals”.

“Our next step is to re-visit our global footprint and we’re looking at global hubs for our stock in Asia and the US. It is our intention to open a base in Singapore before the end of the year to provide ever-faster access to our A320 family and B737 spare component capability as Asian operators get fleets flying again. We plan to follow with a US hub in Q1 2021.”

Egbert Prenger, Partner at Egeria added: “We have been actively targeting the global aviation sector following our initial investment in MAAS Aviation in 2019 and were immediately attracted to APOC’s proprietary tech-enabled platform, strong industry relationships and reputation for excellent quality of service. We are excited to work with Max and the team and support the Company’s strategic ambitions. We believe our commitment to the aviation sector combined with the substantial financial backing enables APOC to realise their expansion plans the coming years. The devotion of Max and the APOC team perfectly fits within our partnership model to enable companies to outperform within their respective industries over the long-term. We are looking forward to further investing in APOC after the transaction.”

Robert De Boeck, Managing Partner at exiting shareholder Antea said: “We are proud to have supported APOC on its exciting journey for the last four years. Max and the rest of the senior management team have done an excellent job in building a market leading aircraft part-out, trading and leasing platform and we wish them all the best in delivering the Company’s next phase of growth. We have experienced a pleasant cooperation and made a good return on our investment.”

About APOC Aviation
APOC Aviation is one of the world’s newest and most innovative aircraft, engines and landing gears trading, leasing, and part-out companies. Based next to Rotterdam Airport, The Netherlands, it holds a large stock of quality parts for the aviation industry in its own temperature-controlled warehouse which are sold in both AR/SV/OH conditions. Its innovative proprietary software solution ensures the highest quality standards across all component transactions.

About Egeria
Egeria is an independent Dutch investment company founded in 1997, which focuses on medium-sized companies. Egeria typically invests in healthy companies with an enterprise value between € 50 million and € 350 million. Egeria’s portfolio companies have a combined turnover of c. € 2 billion and employ close to 10,000 people. The Egeria Evergreen fund has an indefinite lifetime and committed capital of € 400 million. It currently has investments in five companies (DuraVent, M&G Group, Koninklijke Mosa, Sif Group and MAAS Aviation). Other activities are Egeria Funds (10 companies), Egeria Real Estate Investments, Egeria Real Estate Development and Listed Investments.