Industrials

CONTACT US

Investor relations
Chris Davison
Head of Investor Relations
+44 20 7632 1000
investor.relations@permira.com
Human resources
Caroline Carr
Chief Human Resources Officer
+44 20 7632 1000
human.resources@permira.com
Communications
Noémie de Andia
Head of Communications
+44 20 7632 1000
media@permira.com
Marketing
Denise Gallagher
Marketing Manager
+44 20 7632 1000
marketing@permira.com
Permira Holdings Limited
Alistair Boyle
Guernsey
+44 1481 743200
Permira Debt Managers
James Greenwood
CEO
+44 2076321000

OUR OFFICES

Past investment

Jet Aviation

At exit, Jet Aviation was a Swiss-based international business aviation services company that provided maintenance, completions and refurbishment, engineering and fixed base operations. Along with aircraft management, charter services, aircraft sales and personnel services. With our backing, Jet Aviation demonstrated excellent performance, and became one of the leading business aviation service companies in the world…

€1,512mTransaction value
2005Acquisition year
2008Exit year
GermanyCountry
3.9xROI
UndisclosedValue at exit

Together we achieved

  • The transformation of a Swiss-centric family company into a global leader for business aviation services, by helping the business become more focused and efficient and establishing a world-class management team
  • Significant operational improvement: the value creation plan added €35m to EBITDA after only two years, and improved margins significantly
  • Significant capital investment to support growth, with more than €60m investment into new facilities, including the construction of one of the largest aircraft hangars in Europe
  • Growth in the order pipeline from €50m to €1.2bn
  • An increase in the workforce by 70%

 

This was accomplished by

  • The disposal of the non-core commercial airline handling business
  • Acquiring Midcoast and Savannah Air Centre in the USA, expanding the reach of the group
  • Entering new faster growth markets, including Russia and China
  • Creating a Programme Management Office to focus on professionalising the group and effectively leveraging processes across the organisation

The metrics

Sales at entry

€774



Sales at exit

€1450



Employee growth at entry

3,920



At exit

5,600



www.jetaviation.com