Case study

AIM Altitude: Organic growth through investment

Management buyout and six year partnership helped aircraft cabin interiors business to fly.

Sector
  • Industrials

AIM Altitude designs, engineers and manufactures cabin interiors for the world’s major airlines.

Deal type
  • Management buyout
Exit type
  • International trade sale
Exit date

May 2016

The Team
LDC Region

AIM Altitude designs and manufactures a complete range of cabin interiors to provide added value and differentiation for the world’s leading aircraft manufacturers, airlines and leasing companies.

With the business’ roots dating back to the early 20th century, AIM has significant experience and know-how in providing innovative, design-led solutions.

Growth through investment

LDC completed a significant investment in June 2010 when it supported a management buyout of AIM.

During the partnership with LDC, AIM delivered substantial sales and profit growth, more than doubled its order book, capitalised on market trends in cabin differentiation, and invested heavily in the development of its facilities, product offering and research & development capabilities.

Re-investing to provide continued support

In 2013, Towerbrook Capital Partners acquired a controlling stake in AIM from LDC. The exit delivered a 3x money multiple for LDC and the firm subsequently re-invested, taking a minority position in the new business.

In May 2016, AVIC International Holding Corporation, the leading Chinese multinational aviation company, completed the acquisition of AIM.

Now a wholly-owned subsidiary of AVIC, AIM continues to operate to support its existing and new airline customers in the Middle East, Europe and the Americas, as well as in China and Asia Pacific.