H.I.G. Capital has purchased a majority equity interest in Aviapartner. H.I.G. partnered with Laurent Levaux, Chairman of Aviapartner and other members of the senior management team on this transaction.
Aviapartner is a provider of airport ground handling services for passengers and aircraft across 27 airports in 5 European countries (France, Germany, Belgium, Italy and the Netherlands). The Group, which generated sales of over €350 million in 2014, employs over 6,000 people and serves more than 50 million passengers per year. Aviapartner is headquartered in Brussels (www.aviapartner.aero).
H.I.G. Capital intends to expand Aviapartner through acquisitions and by expanding its operations in other European countries and in the rapidly-growing African market.
“H.I.G. Capital is proud to become Aviapartner’s main shareholder alongside its Chairman Laurent Levaux. Our common ambition is to help Aviapartner consolidate its European leadership through new acquisitions and the development of new services,” said Olivier Boyadjian, Managing Director of H.I.G. Capital in Europe. “H.I.G. Capital’s experience in assisting companies undergoing structural changes will be a key advantage to support Aviapartner in its expansion strategy.”
H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. H.I.G. Capital has more than $17 billion of capital under management. The firm was founded in 1993 and is based in Miami with additional offices in Atlanta, Boston, Chicago, Dallas, New York, San Francisco, London, Hamburg, Madrid, Milan, Paris, and Rio de Janeiro (www.higcapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 1-20-15