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Saturday 21 October 2017

Aviation deal on cards

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Shannon aviation firm Eirtech is understood to have finalised a multi-million euro deal with US equity group Vance Street Capital as the Irish business seeks to expand.

It is not clear whether Los Angeles-based Vance Street has acquired a stake in Eirtech (ceo Niall Cunningham pictured left), or if it has bought the entire company.

It has used a company called LEAS Acquisition to structure the deal with Eirtech. Vance Street typically invests in firms with an enterprise value of up to $200m (€148m).

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