Buyouts

Permira buys Hong Kong’s Topcast amid Chinese tourist boom

The private equity investor sees value in the China-focused aircraft parts distributor as the Middle Kingdom increasingly becomes the engine of growth for the industry. The US-China trade war has not as yet dented sales, helped by gradually maturing fleets.

Private equity firm Permira is to acquire the Hong Kong-headquartered aircraft parts distributor Topcast Aviation Supplies, setting its sights squarely on the Greater China aviation market, the fastest-growing in the world.

¬ Haymarket Media Limited. All rights reserved.

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