Majority interest in Skandia Inc acquired by Graycliff Partners

Middle market investment company Graycliff Partners LP on Tuesday announced that it has acquired a majority interest in Skandia Inc.

Financial details of the transaction for the majority interest of Skandia Inc, a provider of interior products and services to the aviation industry, were not disclosed.

Founded in 1983 and headquartered in Illinois, Skandia’s core offerings include DAX foam, used in business jet seats, and flamability testing services.

Acquisition financing for the majority interest of Skandia was provided by East West Bank and Brookside Mezzanine Partners.

Graycliff Partners LP is an independent investment company which focuses on middle market private equity, mezzanine and real estate investments in the US and Latin America.