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…

Germany

Realised

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

www.jetaviation.com

The metrics

€1,512m

Transaction value

2005

Acquisition year

2008

Exit year

3.9x

ROI

N/D

Value at exit

3,920

Employees at entry

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5,600

Employees at exit

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Sales growth

Sales at entry - €774
Sales at exit - €1,450