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Hawker Pacific Agrees to USD 250m Jet Aviation Buyout
Monday 16 April 2018

16 April 2018 - US-based private equity firm Britton Hill Partners is selling portfolio company Hawker Pacific, an Australia-based aviation service provider Airservices Ltd., to US-based FBO Jet Aviation for USD 250m, the firm said.

Founded in 1978 and headquartered in Sydney, Australia, Hawker Pacific is the largest business and general aviation service provider within the Asia Pacific region, the fastest-growing market for private aviation globally.

Through the largest network of MRO and FBO facilities across Asia Pacific, the company provides a wide range of aviation services, including civil MRO services, government fleet management, FBO services, aircraft sales and parts sales.

Britton Hill Partners, is a privately-held investment and advisory firm headquartered in Miami, Florida. Britton Hill combines its unique network of relationships and diverse experiences at leading investment firms with a long-term investment horizon.

The firm focuses on making investments in the energy, logistics, business and consumer services, special situations and real estate sectors.

Seacor Holdings Inc. (NYSE: CKH) is a diversified holding company with interests in domestic and international transportation and logistics and risk management consultancy.

Founded in 1978, Hawker Pacific is the largest business and general aviation service provider within Asia Pacific, the fastest growing region for private and aviation globally.

Hawker Pacific services BG and A operators, as well as governments, large fleet operators, corporates, charter companies, special mission operators, training providers and individuals.

The company provides a range of services including civil MRO, government fleet management, FBO services, aircraft management, aircraft sales and parts sales. Hawker Pacific also owns and operates the largest FBO network across Asia Pacific.

Sidley Austin is serving as legal counsel and Jefferies LLC is serving as exclusive financial advisor to Hawker Pacific with respect to the transaction.
Details
Date Published: 16/04/2018
Target: Airservices Ltd
Country: Australia
Deal Size: 250m (USD)
Sector: Air Transport
Type: Divestment
Financing: Cash
Status: Agreed
Vendor: Britton Hill Partners
Buyer: FBO Jet Aviation
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