Candover Investments has announced a partial realisation of Stork BV with the sale of Fokker Technologies Group BV for €706m. Arle Capital Partners has agreed to sell Fokker, a subsidiary business of portfolio company Stork BV, to GKN.
Fokker is a specialist Tier 1 supplier to the commercial, military and business jet markets. With almost 5,000 employees Fokker is headquartered in the Netherlands and has operations in Europe, North America and Asia. Fokker specialises in the design, development and production of lightweight aero structures, electrical wiring interconnection systems and landing gear. It also provides maintenance, modification and logistic services to aircraft owners and operators. In the year ended 31 December 2014, Fokker generated revenue of €758m.
The sale will generate net cash proceeds for Candover of c€9m and should complete in the fourth quarter of 2015.
CDI : Candover sells Fokker stake