Fondo Italiano, PAI Partners agree to buy Mecaer Aviation Group from Stellex, predecessor fund

  • Fondo Italiano d’Investimento, via Fondo Italiano Consolidamento e Crescita II, signed a binding agreement with PAI Partners’ PAI Mid-Market Fund II to acquire 100% of Mecaer Aviation Group from Fondo Italiano Consolidamento e Crescita and Stellex Capital Management.
  • Founding families grouped under S.B.I. will reinvest alongside PAI, Fondo Italiano, LGT Capital Partners, and Mecaer management, keeping CEO Marco Acca and Chairman Bruno Spagnolini in place.
  • Mecaer, based in Borgomanero, develops and manufactures flight-critical systems for helicopters and business jets, operating seven production and maintenance sites across Italy, North America, and Canada.
  • In 2025, Mecaer reported revenue of EUR 242 million, roughly double the level at the time of Fondo Italiano’s initial investment in 2021.
  • Closing is expected later this year, subject to customary regulatory approvals.


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