Helios / Egis Avia
Cavendish Corporate Finance has advised on the successful sale of Helios, Europe’s leading independent air transport consultancy, to Egis Avia, a French based provider of products and services to the air transportation industry. Egis Avia is a member firm of Egis Group, an international leader in consulting and engineering with 12,000 employees and a turnover of €900 million.
The rapid worldwide growth in air travel and transport, with around 40 million flights taking place annually, has resulted in complex problems and issues that require an in-depth understanding of the aviation sector and the trends and developments taking shape on a global basis.
Founded in 1996 Helios advises and produces solutions for air navigation service providers, governments, regulators, airport operators, banks and investors, with solutions and strategies, which help them deal with these existing and emerging challenges. Clients include the European Commission, the European Space Agency, regulators such as the UK’s Civil Aviation Authority, the European Aviation Safety Agency, BAA and international airports, such as Heathrow, Gatwick, Lisbon and Abu Dhabi, and air traffic control providers such as NATS in the UK and others in Asia and the Middle East.
Helios’ world-class team of consultants and specialists, based in Farnborough and Slovakia, have been at the forefront of some of the industry’s most exciting developments, including the Single European Sky Initiative, by which the design, management and regulation of airspace will be coordinated throughout the European Union.
The Cavendish Corporate Finance team was led by Partner John Farrugia. The deal further demonstrates the strength of the Cavendish team in Technology Services, and the ability to close cross-border transactions. The Egis Avia team were advised by M&A International alliance partner, and French member firm, Aelios Finance.
John Farrugia, Partner at Cavendish Corporate Finance, commented:
“The air transport industry, which plays a critical role in the UK and the global economy, faces complex issues and concerns and Helios is at the forefront of providing solutions to meet these challenges. The deal is excellent one for both parties as it gives Helios the benefit of Egis Avia’s greater size and global reach to help drive its own international expansion and it gives Egis Avia access to the intellectual capital, market knowledge and insight of Helios’ world-class consultants.
“This deal represents a fantastic opportunity for our investors to support an established and well managed business with an excellent reputation in the facilities management sector. We are delighted with the debt financing package arranged by finnCap, which was a critical element to the completion of the transaction. We were extremely pleased with how the process was managed by the finnCap Debt Advisory Team, which provided us with optionality to select the most appropriate banking partner for CMS.”
I would thoroughly recommend Andrew and Rebecca and the Cavendish team to anyone looking to maximise the proceeds from a disposal or asset sale. The Cavendish team are both consummate professionals, focused on delivery and pragmatic and flexible in their approach to helping their clients achieve their objectives. I would not hesitate to recommend them and would hope to work with them on future projects. They provide great value.
I was delighted with the service that Cavendish offered and their real attention to detail. The deal was not without its complexities and it was reassuring to have Paul and his team assisting me throughout the negotiations.
Cavendish handled the transaction with elegance and efficiency. They were proactive, everything kept to time and we completed as planned, less than six weeks after agreeing the heads of terms.
We have thoroughly enjoyed working with the Cavendish team. Caroline, Andrew and Eimear offered us unstinting support and valuable advice throughout the transaction. They were instrumental in helping us achieve this result.
The team at Cavendish demonstrated their international reach and their tenacity to stick with the deal until it closed. They found the ideal owner… We are very excited at the new opportunities that we can now develop.
Cavendish Corporate Finance has been integral to the establishment of the New College of the Humanities, providing both valuable advice and managing a successful fundraising process that has enabled us to have a stellar founding shareholding group that provides not just capital but also experienced investors who will help NCH succeed and flourish.
Cavendish brought to the table extensive contacts in the venture capital industry and an understanding of how to present our investment case in the best light. All our business had been lacking was funding to achieve scale and with the capital secured from Balderton we are now empowered to bring about lasting change in the insurance industry and create significant value for all our shareholders along the way. We are delighted with the deal and with the invaluable help that Cavendish provided in obtaining it.
Thank you so much for the hard work you put into our sale. “We are delighted with the result both personally and for the company. We now have some work to do in maximising the benefits of the deal to both parties. Your support during the deal was excellent and helped us go through a process that was completely new to us. It seemed to go very smoothly and I know that much of that was due to your background work with Egis’s advisors. We also felt well supported on the detail of the final stages. “Many thanks once again to you both. It was a great time and a perfect outcome.
Cavendish played a crucial role both in achieving a good result for shareholders and in enabling Hawk-Eye to go to the buyer offering the most compelling strategic fit
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