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Jamco Acquires Iacobucci HF Aerospace

Jamco Corporation to Acquire Iacobucci HF Aerospace, Expanding Global Cabin Interiors Portfolio
Jamco Corporation, a Bain Capital portfolio company and Japan’s foremost manufacturer of cabin interior equipment for commercial aviation, has announced the signing of definitive agreements to acquire Iacobucci HF Aerospace S.p.A. (IHFA), a leading Italian supplier of galley inserts and seating products. The transaction, supported by Bain Capital, is anticipated to close by the end of 2025, subject to customary regulatory approvals.
Strategic Expansion in Cabin Interiors
Founded in 1994 and headquartered in Ferentino, Italy, IHFA is renowned for its innovative range of galley equipment, including espresso and beverage makers, trash compactors, ovens, and other inserts widely used by airlines globally. Under the leadership of CEO Lucio Iacobucci, the company also holds a significant position in VVIP seating and customized trolleys, supported by a global network of authorized repair centers that provide comprehensive after-sales service to its airline customers.
The acquisition will see Jamco acquire 100% of IHFA’s shares from Lichtenberg Capital and other investors. Despite the change in ownership, IHFA will continue to operate independently, retaining its executive team while coming under the oversight of Kate Schaefer, Executive Chair of Jamco Corporation.
Kate Schaefer described the acquisition as “highly strategic,” highlighting that the integration of Jamco’s galley systems with IHFA’s galley inserts, alongside potential collaboration in premium seating, is expected to generate significant value for widebody aircraft customers. She emphasized that the partnership leverages the combined strengths of both companies in engineering, design, certification, and customer service.
Lucio Iacobucci expressed optimism about IHFA’s future under Jamco and Bain Capital, noting that the expanded resources and global reach will enable the company to reinforce its leadership in galley inserts and related product categories. He stated, “As premium widebody customers invest in the passenger experience, IHFA will continue to set the standard in food and beverage equipment.”
Stefan Hamm, Managing Director at Lichtenberg Capital, reflected on the firm’s support for IHFA throughout the pandemic and expressed confidence in the company’s next phase of growth under Jamco and Bain Capital’s stewardship.
Challenges and Industry Context
While the acquisition positions Jamco to accelerate its transformation into a leading partner for widebody cabin interiors, it also presents several challenges. The successful integration of IHFA’s technologies and operations, adherence to regulatory requirements, and the management of cultural differences between the Japanese and Italian organizations will be critical to realizing the full potential of the deal. Industry analysts have noted that market reactions may include skepticism regarding the strategic fit and the realization of anticipated synergies. Competitors may respond by enhancing their own product offerings or emphasizing their unique strengths to protect market share.
This transaction occurs amid broader trends in the aerospace sector, including a growing emphasis on localization and supply chain resilience, factors that could influence competitive dynamics following the acquisition.
Advisory Roles
The transaction was supported by Mediobanca, which served as exclusive financial advisor to Lichtenberg Capital and IHFA management, with Nunziante Magrone Studio Legale providing legal counsel. Jamco and Bain Capital were advised by Seabury Securities, with legal support from Ropes & Gray and financial and tax diligence conducted by New Deal Advisors.
About Iacobucci HF Aerospace
Iacobucci HF Aerospace is a global leader in the development, production, and distribution of galley inserts, trolleys, and seating products for commercial and business aviation markets.

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