GTCR Said to Explore Sale of Aviation-Software Maker Camp

  • Camp Systems said to be valued at as much as $2 billion
  • Buyout firm working with UBS to look at strategic options

Chicago-based private equity firm GTCR is exploring a sale of Camp Systems, which provides aircraft-maintenance tracking software, people with knowledge of the matter said.

The company could be valued at as much as $2 billion, said two of the people, who asked not to be identified because the information is private. GTCR, which acquired Camp from Warburg Pincus in 2012 for $675 million, is working with UBS Group AG to look at options for the company, said the people.

The Merrimack, New Hampshire-based company is attracting interest from other private equity firms, the people said.

Camp has a portable debt structure, one of the people said, in which a company keeps its loan in place when sold, letting a new buyer avoid fees associated with financing.

Spokesmen for GTCR and UBS declined to comment. A spokesman for Camp didn’t immediately respond to e-mail requests for comment.

Camp provides aircraft-maintenance tracking software and information services to private aircraft owners and operators. Its programs help store and retrieve aircraft maintenance, engine performance and repair data, according to the company’s website.

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