Processing timeline
1
days
Filed
21 July 2026
Decision Due
1 Sept 2026
Est decision date: 22 Aug 2026. Based on 46 decided Professional & Business Services notifications.
Acquirer(s)
Dream BidCo RCS Paris - 102 698 263
Target(s) or Vendor(s)
Revima Holding SAS RCS Rouen - 845 266 725
Other parties
Sanad Services Group owned by One Hundred and Seven Investment RSC LTD – Sole Proprietorship L.L.C. CN-2969483, 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
Mubadala Investment Company's Sanad Services Group and Tikehau Capital's Ace Aéro Partenaires II S.L.P. propose to acquire Revima Holding SAS. Revima provides global aircraft auxiliary power unit and landing gear maintenance, repair and overhaul (MRO) services. Sanad Services also offers global aircraft engine MRO services.
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 ( APU s) 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 ).
The ACCC has prepared a questionnaire on the Acquisition. Submissions or information in response to the questionnaire should be provided by 29 July 2026 via email to mergers@accc.gov.au with the title Submission re: Sanad Services and Tikehau Capital – Revima. The ACCC’s ability to give detailed consideration to submissions received after this time may be limited.