TP Aerospace Secures $130 Million Bond Issuance Backed by CataCap
Deal News | Apr 01, 2025 | White & Case LLP
Global law firm White & Case LLP has provided legal guidance to CataCap and its portfolio company, TP Aerospace, on a significant bond issuance valued at US$130 million. This forms part of a larger US$250 million bond framework, with the issued bonds due for maturity in 2030 and secured at a floating rate. TP Aerospace, headquartered in Denmark, specializes in providing aftermarket services for airline wheels and brakes across various global locations, including Europe, the US, and Asia. CataCap, a Denmark-based private equity firm, focuses on investing in mid-sized companies. The advisory team from White & Case was led by partner Michael Bark-Jones and included associates Daniel Agnemyr and Jakob Matell, based in their Stockholm office.
Sectors
- Aerospace and Defense
- Private Equity
- Legal Services
Geography
- Denmark – TP Aerospace and CataCap are headquartered in Denmark, making it a significant geographical focus.
- Global – TP Aerospace operates globally, with offices in Europe, the US, and Asia, reflecting its international market presence.
- Sweden – The White & Case team advising the transaction was based in Stockholm, Sweden.
Industry
- Aerospace and Defense – TP Aerospace operates in the aerospace sector, providing aftermarket services for aircraft components such as wheels and brakes.
- Private Equity – CataCap is a private equity firm specializing in buyouts and investments in mid-sized companies.
- Legal Services – White & Case LLP is a global law firm involved in advising legal aspects of the bond issuance.
Financials
- 130,000,000 – The value of the floating rate senior secured bonds issued by TP Aerospace.
- 250,000,000 – The total framework amount under which the bonds were issued.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TP Aerospace | Issuer | Company | An aftermarket provider of wheels and brakes for airlines, part of CataCap’s portfolio. |
| CataCap | Private Equity Firm | Company | A Danish-based private equity buy-out fund investing in mid-sized companies. |
| White & Case LLP | Legal Advisor | Company | A global law firm that advised on the US$130 million bond issuance. |
| Michael Bark-Jones | Partner, Leading Advisory Team | Person | Partner at White & Case LLP, led the team advising on the transaction. |
| Daniel Agnemyr | Associate, Advisory Team | Person | Associate at White & Case LLP, part of the advisory team. |
| Jakob Matell | Associate, Advisory Team | Person | Associate at White & Case LLP, part of the advisory team. |