EQT VI to Acquire Majority Stake of Nordic Aviation Capital

EQT VI has agreed to acquire a majority stake of Nordic Aviation Capital A/S.

Martin Møller, NAC’s founder and Chairman, will continue as Chairman of the company and will remain a significant shareholder and will contribute around 50% of the capital.

NAC was founded in 1990 and today is the world’s largest owner and lessor of both ATR and Bombardier turboprop aircraft. Its current fleet consists of almost 250 aircraft with an average value weighted age of 5.4 years. The customer base is global with more than 40 airlines in 30 different countries.

“NAC is an attractive company with a strong position in a growing market. The company has had an impressive development so far, thanks to a unique business model and a strong management team and corporate culture. EQT VI will supplement the board with financial and aviation experience from EQT’s network of Industrial Advisors. We believe NAC fits well with EQT’s industrial approach of supporting companies to reach their full potential and are excited to partner with Martin Møller going forward,” said Morten Hummelmose, Partner at EQT Partners, Investment Advisor to EQT VI.

Martin Møller, Founder and Chairman of NAC, added, “For us, both the timing and EQT as a new partner is perfect. We see great opportunities for NAC and can benefit from EQT's extensive experience of developing successful companies. Teaming up with EQT supports NAC’s growth strategy and ambition of expanding our position as the world’s leading regional aircraft lessor,”

Closing of the transaction is subject to customary regulatory approvals from certain competition authorities. On a cash and debt free basis the transaction values 100% of NAC at US$ 3.3 billion at closing.