Accent Equity divests Aviator to Avia Solutions Group
Stockholm, 17 February 2020
Accent Equity has divested the aviation services company Aviator to Avia Solutions Group
Aviator and Avia Solution Group are both aerospace servicing companies, thus the transaction forms a new group that offers multipurpose aviation services globally
Since Accent Equity’s entry in 2010, Aviator has developed from a group of local, entrepreneurial ground handlers into a leading and integrated full-service aviation services provider in the Nordic region
The investment fund Accent Equity 2008 L.P. (“Accent Equity”) has divested 100% of its indirect holding in Aviator Airport Alliance AB and its subsidiaries to Avia Solutions Group (“ASG”). Aviator is an integrated full-range aviation services provider in the Nordic region. ASG is a global multipurpose aviation services company, serving clients across Europe, Asia, North America, Australia and other regions. Offering flexible and cost-effective solutions that meet the demand for high-quality support services of a wide range of airlines, Aviator will form a valuable addition to ASG’s portfolio.
“As the newest member of the ASG family, Aviator will further strengthen our presence in the European markets and expand the network of Avia Solution Group’s ground handling stations. This acquisition adds further scale and value to ASG’s aggregated ground handling business, now consisting of Aviator and Baltic Ground Services“, says Gediminas Ziemelis, Chairman of the Board of Avia Solutions Group.
“We are very pleased that Aviator becomes a member of Avia Solutions Group and we look forward to strengthening our position together with such a strong industry player. Aviator will undoubtedly gain advantage both from the experienced ASG top management team and the subsidiary companies”, says Jo Alex Tanem, CEO of Aviator.
“Having developed Aviator from a group of entrepreneurial, local ground handlers into the leading Nordic professional player it is today, it is highly satisfying to have found a stable, industrial home for the group. We believe ASG, along with Aviator management, have ample opportunities to continue to develop and grow the business”, says Benny Zakrisson, resigning Chairman of Aviator group and Partner at Accent Equity Partners AB, advisor to Accent Equity. For additional information, please contact: Benny Zakrisson, Partner at Accent Equity Partners AB, +46 76 009 97 75 About Accent Equity: Founded in 1994, Accent Equity is one of the buy-out investment pioneers in the Nordic region. Since then, Accent Equity funds have invested in 89 companies, of which 71 investments have been realised. Accent Equity’s ambition is to develop the portfolio companies to be Nordic, European or Global leaders through sustainable improvements of their operations as well as by their strategic positioning. Accent Equity Partners is the investment advisor to all Accent Equity funds. www.accentequity.se
About Aviator: Aviator is a provider of full-range aviation services taking care of passengers and aircrafts at 15 airports across the Nordic region. It provides high-quality passenger and baggage, cargo and full freight handling, de-icing, station services as well as the services of NORDIC DINO Aircraft Washing Robot. Aviator employs more than 2,000 professionals, operates around 150,000 flights and performs over 14,000 de-icings per year. www.aviator.eu
About Avia Solutions Group: Avia Solutions Group is the largest aerospace business group from Central & Eastern Europe offering aviation services worldwide. With 67 international offices and production stations, it unites a team of more than 5,000 professionals providing state-of-the-art solutions in the aviation industry and beyond. www.aviasg.com