EQT Infrastructure acquires CHEP Aerospace Solutions
Dec 01, 2016: EQT Infrastructure, a leading infrastructure fund and part of EQT, a leading private equity group with EUR 30 billion in raised capital, has successfully completed the acquisition of CHEP Aerospace Solutions from Brambles on November 30, 2016.
The day-to-day business of CHEP Aerospace Solutions, the global leader in pooling, management, maintenance and repair of unit load devices (ULDs), will continue to be managed by the current experienced Executive Leadership Team who will be actively supported by a Board of Directors which includes senior leaders with relevant aviation expertise.
The newly appointed Board of Directors brings a wealth of airline and senior management expertise to CHEP Aerospace Solutions:
Peter Nilsson will serve as chairman of the Board; he is also chairman and Board member of various EQT portfolio companies, Board member of construction equipment leasing company Cramo as well as former Chairman and CEO of Sanitec;
Robert A Milton was previously chairman and CEO of Air Canada, past chairman of the Board of Governors of IATA, and serves as a director and advisor to several aviation related companies;
Vagn Sørensen is currently vice chairman of Nordic Aviation Capital, the world's largest leasing company of turboprop aircraft, Board member of Air Canada, and was previously CEO of Austrian Airlines, deputy CEO of SAS Scandinavian Airlines and Board member of Lufthansa Cargo; and
Ulrich Köllensperger is director of EQT Partners and Investment Advisor to EQT Infrastructure.
Dr. Ludwig Bertsch, president, CHEP Aerospace Solutions, said, "CHEP Aerospace Solutions is going through a period of growth, and the feeling of our staff and customers is that under the new ownership we will be better equipped to keep this momentum going. EQT Infrastructure is eager to support the growth of our business and its financial capabilities, entrepreneurial spirit and the active involvement of such a high caliber industrial Board of Directors will definitely help us reach our objectives."