Vance Street Capital and Neuberger Berman Recapitalize Eirtech Aviation Services
December 24, 2019
Vance Street Capital completed a recapitalization of Eirtech Aviation Services, with funds advised by Neuberger Berman Private Credit co-investing alongside Vance Street. Headquartered in Shannon, Ireland, Eirtech provides engineering, manufacturing, asset management and CAMO services to airlines, lessors and OEMs; founders Niall Cunningham and Gerry O'Shea retain a material ownership stake. The deal positions Eirtech for growth by providing capital, industry relationships and operational support; terms were not disclosed.
- Buyers
- Vance Street Capital LLC, Funds advised by Neuberger Berman Private Credit
- Targets
- Eirtech Aviation Services
- Industry
- Industrial Services
- Location
- County Clare, Ireland
- Transaction Type
- Recapitalization
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