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In accordance with Article 13 of Law No. 104-12 on freedom of prices and competition and Article 10 of Decree No. 2-14-652 issued for its implementation, as amended and supplemented, the Competition Council makes available to the public the “operation summary” below, containing the information provided by the parties.
This information has been prepared by the notifying parties, who are solely responsible. Any inaccurate or distorted information contained therein does not in any way prejudge the Competition Council’s position on the proposed operation.
The publication of this statement does not attest to the completeness of the file provided for in Article 9 of Decree No. 2-14-652 issued for the implementation of Law No. 104-12 on freedom of prices and competition as amended and supplemented.
Names of the companies and groups involved:
- The acquirers:
- The company “Sanad Services Group”;
- The investment fund “Ace Aéro Partenaires II S.L.P.”;
- The target: The company “Revima Holding SAS” and its subsidiary companies.
Nature of the operation
- Joint control acquisition.
Economic sectors concerned
- Aeronautical sector.
Deadline for interested third parties to submit their observations
- 10 days from the date of publication of this statement, i.e., July 27, 2026.
NON-CONFIDENTIAL SUMMARY OF THE OPERATION PROVIDED BY THE PARTIES
The Competition Council has received notification of an economic concentration project concerning the indirect joint control acquisition of the company “Revima Holding SAS” and its subsidiary companies by the company “Sanad Services Group” and the investment fund “Ace Aéro Partenaires II S.L.P.”, represented by “Tikehau Investment Management SAS” acting as a management company through a common ad hoc vehicle.
“Sanad Services Group” is a limited liability company established under the laws of Abu Dhabi, with its registered office in Abu Dhabi, United Arab Emirates, at P.O Box 45005, and registered under number CN-2969483. “Sanad Services Group” is a holding company wholly owned by “Mubadala Investment Company PJSC”, itself wholly owned by the Government of Abu Dhabi.
“Sanad Services Group” is engaged in providing maintenance, repair, and overhaul (MRO) services for engines and related after-sales services in the United Arab Emirates, with its activities conducted through its exclusive operational subsidiaries.
“Ace Aéro Partenaires II S.L.P.” is a French law limited partnership company, with its registered office in France at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 982 137 812 RCS. “Ace Aéro Partenaires II S.L.P.” is an investment fund represented and managed by “Tikehau Investment Management SAS”. “Tikehau Investment Management SAS” is a simplified joint-stock company with its registered office at 32 rue de Monceau, 75008 Paris, and registered with the Paris Trade and Companies Register under number 446 909 491 RCS. This company is a wholly-owned subsidiary of “Tikehau Capital SCA”, the parent company of the global asset management and investment Group (Tikehau Capital).
“Revima Holding SAS” is a French simplified joint-stock company, with its registered office in France at 1 avenue du Latham, 47 Caudebec-en-Caux, 76490 Rives-En-Seine, France, and registered with the Rouen Trade and Companies Register under number 845 266 725 RCS. This company operates mainly in the areas of APU (Auxiliary Power Unit) MRO and aircraft landing gear.
Done in Rabat on July 16, 2026.
