Nexia S&A carried out financial and ESG due diligence on Recaero on behalf of a pool of bank investors composed of Grand Sud-Ouest Capital, Sofilaro, Idia Capital Investissement, BNP Paribas Development and Multicroissance, as part of a capital reorganization. With nearly €60 million in turnover and 700 employees divided equally between France and India, Recaero is a tier 1 subcontractor in the aeronautical industry, specializing in the manufacture of spare parts.

Founded in 1993 and based in Verniolle in Ariège, the group designs and produces spare parts, sub-assemblies and metal and composite modification kits for the retrofit and maintenance (MRO) markets. Historically positioned in commercial aviation, it is diversifying into military, business aircraft and helicopters, with Airbus, Safran, Dassault and Daher among its main contractors. Its operations are based on two French sites, Verniolle for rapid manufacturing and prototyping, Mirepoix for composite, and a unit in Bangalore dedicated to serial productions.

This transaction allows Recaero to replace iXO Private Equity with long-term financial partners, while maintaining two-thirds of the family majority. The group intends to accelerate its development by increasing its aircraft modification design office activity to 10% and by opening, through external growth, a third location in the United States.

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