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MN-25037

Sanad Services and Tikehau Capital / RevimaMN-25037

View on ACCC

Processing timeline

27

days

Filed

21 July 2026

Sanad Services and Tikehau Capital–Revima - Phase 1 determination

Decision

17 Aug 2026Sanad Services and Tikehau Capital–Revima - Phase 1 determination
Type
Notification
Outcome
Approved
Stage
Phase 1 - initial assessment
Status
Assessment completed

Parties

Acquirer(s)

Dream BidCo RCS Paris - 102 698 263

Target(s) or Vendor(s)

Revima Holding SAS RCS Rouen - 845 266 725

Other parties

Tikehau Capital SCA RCS Paris - 477 599 104, Mubadala Investment Company PJSC CN‑2302788, Ace Aéro Partenaires II S.L.P. represented by Tikehau Investment Management SAS RCS Paris - 982 137 812, Sanad Services Group owned by One Hundred and Seven Investment RSC LTD – Sole Proprietorship L.L.C. CN-2969483

Summary

Mubadala Investment Company's Sanad Services Group and Tikehau Capital's Ace Aéro Partenaires II S.L.P. have acquired Revima Holding SAS via a share acquisition. Revima provides global aircraft auxiliary power unit and landing gear maintenance, repair and overhaul (MRO) services, complementing Sanad Services' engine MRO offerings.

Acquisition details

Sanad Services Group owned by One Hundred and Seven Investment RSC LTD – Sole Proprietorship L.L.C. ( Sanad Services ) and Ace Aéro Partenaires II S.L.P. ( AAP2 ) (an investment fund) propose to acquire Revima Holding SAS ( Revima ). Revima supplies maintenance, repair and overhaul ( MRO ) services for aircraft auxiliary power units ( APUs ) and aircraft landing gear systems. Revima also supplies, to a more limited extent, MRO services for engine parts (but not MRO services for complete engines). Revima services customers globally from its MRO facilities in France and Thailand. Sanad Services supplies MRO services for aircraft engines and related aftermarket services. Sanad Services provides these services to customers globally from its facilities in the UAE. Samad Services is ultimately owned by Mubadala Investment Company PJSC ( MIC ), a UAE public joint stock company wholly owned by the Government of Abu Dhabi. AAP2 is an investment fund represented by Tikehau Investment Management SAS ( TIM ), in its capacity as management company. TIM is itself a wholly owned subsidiary of Tikehau Capital SCA, the parent company of the Tikehau Capital group, a France-based global asset management and investment group ( Tikehau Capital ).

Industry

Broad:Professional & Business Services

Decisions and key events

17 Aug 2026Sanad Services and Tikehau Capital–Revima - Phase 1 determinationAttachmentPDF151.7 KB

Other documents

22 July 2026Sanad and Tikehau-Revima - Third party questionnaireAttachmentDOCX116.4 KB

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