“We are really excited to welcome Chequers as our partner to further develop Nayak in the coming years”, says the CEO of Nayak, Marco Smit. “With SFO, we were able to acquire Airberlin Technik and expand our business to a leading position for line maintenance services in Europe. With Chequers, we are confident to have the right partner to further solidify our base and accelerate Nayak’s next phase of growth.”

Uwe Gleitz, Managing Director at Chequers Capital, adds: “Sitting at the core of efficient operations in the highly regulated aviation sector, Nayak’s offering of aircraft safety and maintenance services is key for its broad set of international blue-chip customers. Nayak is in an excellent position to capture a multitude of growth opportunities thanks to its strong management team, the high quality of its technicians and a broad station network. We aim to put our experience and network in aviation services to use.”

Closing is subject to regulatory approval and expected to take place in Q1 2024.

Advisors to the Sellers: cf:M GmbH | corporate finance MITTELSTAND (M&A), Milbank (Legal), PWC (Financial).

Advisors to Chequers: Latham Watkins (Legal), Alvarez Marsal (Financial & IT), Oliver Wyman (Commercial), Clearwater (Debt), Seabury (M&A), KPMG (Tax), Sirsa (ESG), Howden (Insurance).