March 20, 2017
We are happy to announce that today, 20 March 2017, we embarked on a new partnership with the Danish private equity fund CataCap who has acquired a majority stake in our company.
Since 2010, we have experienced an average annual growth rate of 30%, and last year we landed a record revenue of USD 62m. With this stable development, now is the right time for TP Aerospace to partner with a professional investor to help us strengthen our strategic and operational competencies. Our two founders and owners, Peter Lyager and Thomas Ibsø, will continue to form the executive management team and hold significant shares in TP Aerospace.
"Bringing an investor onboard is an essential premise of our business strategy, and it has been important to find just the right investor to help us grow TP Aerospace into where we want to be" Says Peter Lyager, CEO of TP Aerospace, and elaborates:
"This is a huge opportunity for us as this new strong capital base will allow us to unleash our growth potential and expand our global operations and employee base to levels that we cannot reach on our own"
CataCap will act as a catalyst for sustainable step changes through a systematic and consistent approach to business development and will work in close collaboration with both management and employees to help strengthen TP Aerospace's market position.
"When looking for an investor to bring onboard, it has been essential for us to find someone who can not only support our future growth financially, but who can also serve as a trusted business partner in terms of knowledge sharing" explains Thomas Ibsø, President of TP Aerospace, and concludes:
"We are very confident about this move as CataCap as an investor provides a combination of capital and value-adding partnership to the TP family"