Jamco and Bain Capital announced they have signed definitive documentation for the acquisition of Iacobucci HF Aerospace (IHFA). The transaction is expected to close within the end of 2025, subject to customary closing conditions.
Founded in 1994, IHFA is a developer and supplier of espresso and beverage makers, trash compactors, ovens and other galley inserts for commercial aviation. Under the leadership of CEO Lucio Iacobucci, IHFA has developed an innovative portfolio of products that elevate the passenger and crew experience and are renowned for both performance and reliability.
IHFA has its headquarters, product manufacturing and R&D in Ferentino, Italy and a global network of authorised repair centers to ensure rapid aftermarket service for airline customers. In addition to galley inserts, IHFA has also established a significant position in VVIP seats and customised trolleys.
As part of the transaction, Jamco Corporation will acquire 100% of IHFA’s shares from a vehicle managed by Lichtenberg Capital and other investors. IHFA will continue to operate as an independent company with the full continuity of its executive team, under the leadership of Kate Schaefer, Executive Chair of Jamco Corporation.
Kate Schaefer, Executive Chair of Jamco, stated, “Our acquisition of IHFA is highly strategic and accelerates our transformation of Jamco into the leading partner for widebody customers in cabin interiors. The availability of Jamco’s galleys with IHFA’s galley inserts, together with potential collaboration in premium seats, will create significant value that capitalises on each company’s strengths in engineering, design, certification and customer service.”
Lucio Iacobucci, CEO of IHFA, remarked, “We believe that IHFA has always been the technology leader in galley inserts, but with the support of Jamco and Bain Capital, we can significantly expand our customer reach and manufacturing base to become the leader in these important categories. As premium widebody customers are investing in the passenger experience, IHFA will continue to be the partner of choice that sets the standard of customer experience in food and beverage equipment.”
Stefan Hamm, Managing Director at Lichtenberg Capital, stated “Our investment in IHFA through the pandemic is a good example of Lichtenberg Capital’s ability to provide capital plus operational and strategic solutions for founder-led European industrial companies. We are excited to see IHFA enter a new chapter of growth with the support of Jamco and Bain Capital.”
For Editorial Inquiries Contact:
Editor Matt Driskill at matt.driskill@asianaviation.com
For Advertising Inquiries Contact:
Head of Sales Kay Rolland at kay.rolland@asianaviation.com
