Clearwater International advises Chequers Capital on raising finance to support the acquisition of Nayak

Clearwater International has advised Chequers Capital (Chequers) on raising finance to support the acquisition of Nayak-LM GmbH (Nayak), a leading European aircraft safety and maintenance provider.

Nayak focuses on aircraft safety and line maintenance, serving airlines and lessors across 55 European airports in 16 countries, with over 1,000 employees. With headquarters in Düsseldorf and major bases in Amsterdam, Barcelona, and Milan as well as a broad network of maintenance stations, Nayak has an extensive European presence and has opened its first stations outside Europe in 2023. Nayak serves more than 240 contracted customers, including almost all European major and low-cost carriers as well as airlines from the US and Asia.

Chequers is a Pan-European, mid-market buyout specialist focused on B2B companies. Founded in 1973, the company manages assets of more than €2bn and, with over 20 investment professionals, is one of the leading players in the mid-cap private equity market in Europe. Chequers focuses on light industrial companies and B2B service providers, such as the ICT sector, with good positioning and international development potential.