Aerial

The deal

• Acquisition of Avitec AB (‘Avitec’) by Aerial Facilities Ltd (‘AFL’) for a consideration of up to £24m
• AFL was the subject of a £56m MBI led by ECI Partners in January 2007
• Mezzanine debt to fund the acquisition provided by Investec, with senior
  debt provided by Investec and RBS.

The company

• AFL designs, manufactures and installs specialist products and ser vicesto extend the coverage of wireless networks
• Avitec, based in Sweden, is one of AFL’s major competitors and following the acquisition AFL will be one of the top three providers of wireless coverage solutions worldwide
• The combined customer base includes many of the world’s major system integrators and network operators along with regional infrastructure organisations such as rail operators, airport authorities and airlines

The strategy

• The acquisition strengthens AFL’s market presence in a number of key geographic regions including Eastern Europe, Asia Pacific and America and also complements AFL’s existing product range
• Continue to grow market share in the fast growing market for wireless coverage solutions

Investec’s role

Investec Growth & Acquisition Finance provided AFL and ECI Partners with a mezzanine loan and an element of senior debt finance as part of the funding package for the acquisition of Avitec.

www.aerialfacilities.com

Equity    |    Mezzanine finance    |    Asset based lending    |    Integrated finance