Acquisition d’actifs aéronautiques auprès d’AFD pour 25,6 millions $ – changement de dénomination – consolidation – annonce d’un placement privé concomitant d’un maximum de 4,75 millions $
Prosys Tech has signed a letter of intent to acquire nine aircraft engines and associated leasing contracts from Aeronautics Fund SCA SICAV-RAIF for CAD 25.6 million. This transaction represents a substantial asset acquisition that signals a strategic pivot in the company's operational focus and capital deployment strategy.
The company will undergo a reverse takeover (RTO) structure, whereby Prosys will consolidate the aviation assets and rebrand as AFD Aero Corporation. Concurrent with this acquisition, Prosys is launching a private placement of up to CAD 4.75 million to finance the transaction and provide working capital. This dual-track approach—combining M&A with equity financing—is typical for smaller-cap companies executing portfolio transformations.
The listing target is the TSX Venture Exchange, reflecting the company's position as an emerging player in aviation asset leasing. The reverse merger structure, combined with concurrent equity raise, suggests Prosys lacked sufficient scale to acquire these assets independently, indicating financial leverage constraints and a need for capital market validation before listing.
Sector implication: This transaction introduces exposure to the aerospace and defense equipment leasing subsector within Industrials. Aircraft engine leasing represents a capital-intensive, yield-focused business model with long-duration cash flows. Success depends on lessor credit quality, maintenance cost inflation, and industry cycle timing.