Private Equity

PE Fund Investments

Aerospace components maker JJG Aero raises $12-M from CX Partners

JJG Aero  

Bengaluru-based aerospace components manufacturer JJG Aero has raised INR 100 crore (about USD 12 million) Series A round from CX Partners. The new funds will be used for increasing its manufacturing capacity at its new facility and for further vertical integration. Veda Corporate Advisors acted as the sole transaction advisor on the deal.Established in 2008, JJG Aero manufactures build-to-print machined components, with in-house special process finishing capabilities. While the company is primarily focused on building its business in the commercial aerospace segment, its capabilities are also put to use in automotive and industrial segments. The company’s clients include American & European OEMs and Tier-1 vendors. The company has 3 fully integrated manufacturing facilities in Bengaluru, run by a team of 700 people.