Insperial, a portfolio company of Adagia Partners, has acquired MGR Foamtex

MGR Foamtex

MGR Foamtex is a leading UK-based manufacturer specializing in interior soft goods and advanced passenger upholstery systems. Founded in 1985, the company is recognized for its innovative, lightweight and pioneering designs tailored for aircraft interiors. Its core product portfolio includes MGRSoftWall®, MGRSoftWall® NextGen, MGRSafeWall™, MPSHybrid and a range of bespoke finishing solutions. MGR Foamtex is supported by a highly skilled engineering team, committed to delivering premium interior solutions with precision and creativity.

The Deal

This strategic move further reinforces Insperial’s market position and enhances its capabilities alongside those of its sister companies, Adhetec and Perrone. By integrating MGR’s advanced manufacturing expertise with Insperial’s global sales and marketing network, Insperial is well-positioned to unlock new opportunities for growth, innovation and value creation across the aerospace interior sector.

Our Perspective

Charles de Fels, Lincoln International Managing Director who led the transaction, commented, “We are proud to support Insperial and its shareholders in their ambitious external growth strategy in Europe, aimed at establishing Insperial as a leader in high-end aircraft interior and exterior solutions. This transaction strengthens Insperial’s position as a strategic supplier of customized interior solutions for the aerospace and defense industry. It also demonstrates Lincoln’s ability to support its clients’ growth through cross-border transactions.”

Insperial (F/K/A Adhetec)

Insperial is a global player in surface solutions for the aerospace and transportation industries. With operations across Europe, the Americas and Asia, the group combines local expertise with a global outlook, delivering sustainable, customized materials to enhance customer operations. The group includes Adhetec, a market leader in decorative and adhesive solutions for aircraft, known for its tailored products, fast turnaround and flexible manufacturing, and Perrone Aerospace, a New York-based pioneer in premium leather and advanced materials for aviation with over 30 years of experience.

Adagia Partner

Adagia is a leading European middle market private equity firm with offices in Paris and Frankfurt. The firm invests in midcap companies focusing on France, DACH and Benelux. The team is composed of professionals with a mix of investing and operational backgrounds. Adagia has an industry specialist approach and focuses on three core investment sectors: healthcare, business services and technology. The partners of Adagia have a long track record of backing entrepreneurs in the implementation of their growth strategies, build-up, international expansion and technology-digital transformation.

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