Kempen European Private Equity Fund acquires a significant interest in Avion Group
Sven Smeets, Cohead of Kempen Private Markets, stated: ‘Avion is a superb Dutch company with a strong market position and impressive growth potential. The company perfectly matches the focus on our clients that we have at Kempen and our drive to invest in stable, small and medium-sized companies who are leaders in their own specific niche market.’
Avion’s objective is to use the capital investment of the Kempen European Private Equity Fund to fund their international expansion plans.
The investment is a partnership with 5Square, a Dutch investment company. 5Square has supported Avion as a lead investor for quite some time now, both financially and strategically in ongoing development.
Sven Smeets commented: ‘We have great trust in the management team of Avion and are confident that they will build on the success of the company. We look forward to a successful partnership with 5Square and the management team in the years ahead.’
Marvin de Jong, Director of Kempen Private Markets, added: ‘Avion’s Airbus A320 simulator is considerably lighter compared to competing simulators, resulting in a significant reduction in energy consumption relative to simulators manufactured by leading competitors. Furthermore, Avion’s simulators do not require any complex infrastructure as far as the housing is concerned, nor do they require a heavy-duty reinforced concrete floor*. The modular design allows fast installation, efficient maintenance, and convenient transport (‘plug and play’). Partly thanks to our investment, Avion will be able to focus on the further development of their simulators for the Airbus A320neo (new engine option), one of the most fuel-efficient aircraft available on the market today.’
The CEO of Avion is Erik Varwijk, who previously worked for Air France-KLM for 26 years, where he held positions including director under the articles of association and member of the management board of KLM. After resigning from KLM, Erik joined the British airline company Virgin Atlantic in the position of marketing director. Erik Varwijk stated: ‘With Kempen and 5Square, we have two professional investment partners on board who can help us to achieve our growth objectives. Both parties support professional business practice. We look forward to our future partnership.’
Remco van den Heuvel, managing partner of majority shareholder 5Square, declared: ‘We are very pleased to welcome the Kempen European Private Equity Fund as a shareholder of Avion. This will strengthen the financial position of Avion and will enable the company to accelerate the international expansion.’
Kempen European Private Equity Fund (the Sub-Fund) is a sub-fund of Kempen Alternative Markets Fund SICAV-RAIF (the “Fund”), domiciled in Luxembourg. Kempen Capital Management N.V. (KCM) is the management company of the Fund. KCM is authorised as a management company and regulated by The Netherlands Authority for the Financial Markets. The Sub-Fund is registered under the license of the Fund at The Netherlands Authority for the Financial Markets.
The information in this document provides insufficient information for an investment decision. Please read the prospectus. This document is available on the website of KCM (www.kempen.com/investmentfunds). The Sub-Fund is registered for offering in a limited number of countries. The countries where the Sub-Fund is registered can be found on the website. The value of your investment may fluctuate. Past performance provides no guarantee for the future.
The Fund is a closed-end investment fund and is only available for professional investors.
* Showed details are from 30 June 2019, are indicative and come from Avion Group B.V.