trending Market Intelligence /marketintelligence/en/news-insights/trending/4O3CcTB0Gz3Yd1I1SoW3cQ2 content esgSubNav
In This List

Vance Street Capital recapitalizes aviation services provider

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers

Blog

Post-Webinar Q&A: Integrating Climate Risks into Credit Risk Portfolios

Blog

Insight Weekly: Hurricane Ida impact; banks seek PPP forgiveness; commodities boom disruption

Blog

Banking Essentials Newsletter: August Edition, Part - 2


Vance Street Capital recapitalizes aviation services provider

Vance Street Management LLC, or Vance Street Capital LLC, recapitalized aviation services provider Eirtech Aviation Services Ltd.

The firm also partnered with funds advised by Neuberger Berman Private Credit, which co-invested equity.

Financial terms were not disclosed.

Founders Niall Cunningham and Gerry O'Shea will retain a material ownership in Eirtech, while Deputy CEO David Kerr will continue to lead the business in his current role.

O'Melveny & Myers LLP and Arthur Cox served as legal advisers to Vance Street. KPMG was financial adviser and McCann FitzGerald and Cooley LLP served as legal advisers to Eirtech.

Ireland-based Eirtech provides specialist aviation services for global airlines and aircraft leasing companies.

Vance Street Capital invests in middle-market businesses in the medical, aerospace, defense and industrial sectors.