Avia Solutions Group to enter into strategic partnership with Certares through a Euros300 million investment in the Group
PR91613
LONDON, Sept. 13, 2021 /PRNewswire=KYODO JBN/ --
Avia Solutions Group is pleased to announce it has entered into a strategic
partnership with Certares Management LLC ("Certares"), a leading US-based
investment specialist dedicated to the travel, tourism and hospitality sectors,
in which Certares will provide a Euros300 million structured equity investment.
The investment will help enable the next phase of Avia Solutions Group's growth
plan for services in passenger and cargo aviation, maintenance and engineering,
crew training, ground handling and logistics. Avia Solutions Group intends to
use the net proceeds from this offering for strategic acquisitions, capital
expenditures and general corporate purpose. The partnership with Certares will
provide access to Certares's complementary expertise and industry network as
well as add new members to ASG Board that will further strengthen the
governance of the organisation
Gediminas A½iemelis, Founder and Chairman of the Board of Directors of Avia
Solutions Group, said: "We are pleased to welcome Certares as a new strategic
partner in our Group. This important partnership marks the beginning of Avia
Solutions Group's next long-term development stage and the continuation of the
growth of our global partnership network. With their impressive track record
and sole focus on the travel sector, we are convinced Certares will add
significant value to Avia Solutions Group's next phase of growth."
Tom Klein, Senior Managing Director of Certares said: "Avia Solutions Group has
built itself into a premier provider of aerospace services. Certares's
investment will support ASG's growth and consolidation strategy in the
aerospace services sector where they have developed both quality and scale
advantages. The management team's track record of building leading market
positions in the aerospace services sector as well as ASG's broad geographic
footprint, synergistic service offering and proven ability to source and
integrate accretive acquisitions make them a perfect partner for Certares. We
look forward to partnering with Avia Solutions Group to grow and geographically
expand their leadership positions."
Avia Solutions Group is a leading aerospace services group with almost 100
offices and production facilities worldwide. ASG employs over 7,000 highly
skilled professionals, serving more than 2,000 clients throughout Europe, Asia,
North America, Australia, and far beyond. Avia Solutions Group holds more than
500 licenses for its constantly growing range of activities across multiple
business sectors. Its vast portfolio of services to clients include; aircraft
leasing and trading, MRO services, business aviation and VIP airline
procurement, charter and cargo aviation, pilot and crew training, recruitment
services, along with multiple additional services across a wide range of
associated operations.
Established in 2012, Certares focuses on direct investments in proprietary
transactions, leveraging deep sector experience in the travel and hospitality
industries, and with a consistent emphasis on partnership with management teams
to drive growth. Certares brings together a team with decades of both
operational and investment experience in private equity, travel, tourism,
hospitality and travel-related business and consumer services. For more
information, please visit certares.com.
The transaction is subject to customary conditions and approvals and is
expected to close in Q4 2021.
ASG was advised by Morgan Stanley & Co. International plc and White & Case as
financial and legal advisers respectively. Certares was advised by Herbert
Smith Freehills as legal adviser.
For media inquiries:
Vilma Vaitiekunaite, Chief Communications Officer
Phone: +442080899777
E-mail: vilma.vaitikeunaite@aviasg.com
About Avia Solutions Group:
Avia Solutions Group is a leading global aerospace service group with almost
100 offices and production stations providing aviation services and solutions
worldwide. Avia Solutions Group unites a team of more than 7,000 professionals,
providing state-of-the-art solutions to the aviation industry and beyond.
For more information about Avia Solutions Group, please visit www.aviasg.com.
About Morgan Stanley:
Morgan Stanley: & Co. International plc ("Morgan Stanley") is authorised by the
Prudential Regulation Authority and regulated by the Financial Conduct
Authority and the Prudential Regulation Authority in the United Kingdom, is
acting exclusively as financial adviser to ASG and no one else in connection
with the Transaction. In connection with such matters, Morgan Stanley, its
affiliates and their respective directors, officers, employees and agents will
not regard any other person as their client, nor will they be responsible to
anyone other than ASG for providing the protections afforded to clients of
Morgan Stanley nor for providing advice in connection with the Transaction, the
contents of this announcement or any matter referred to herein.
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SOURCE: Avia Solutions Group
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