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.
“We are delighted with the support received from the finnCap Cavendish team throughout this process. Mike and the team ensured that we prepared meticulously, identified the right pool of potential investors and worked closely with us, the management team and our legal advisers to deliver a great outcome for the Shareholders. We wish the Intelling team and RDCP all the best in their next phase of growth.”
“This transaction is a hugely important step in the company’s development, strongly positioning the business for its next phase of growth, allowing us to meet the growing need for secondary school students to learn in an independent, fluid and remote manner.”
“Cortland shares our core values and our customers focus, and their additional resources will help us accelerate our growth in the UK market.”
“Thank you to John and your fantastic team at FinnCap Cavendish for your unwavering support, dedication, work ethic and belief in Xexec’s mission. John, Mike and Sam were instrumental in bringing the deal to a successful completion and provided invaluable guidance throughout the process.
We look forward to our new partnership with the Castik and Abry teams who are the ideal partners as we continue to expand our business and pursue the next phase of our strategy.”
‘The finnCapCavendish team were great to work with, they took time to listen, properly understand our objectives and tailored the process to get a fantastic result for us. They really understood the value drivers in the ICT sector and had access to all the key buyers for our business, they were able to efficiently manage the sale process maintaining the great relationship we’d built we Adept as our preferred buyer.’
“Thank you to Jon, Steph and Chirag for their tireless efforts in recent months. Jon offered invaluable leadership and strategic advice, while Chirag and Steph provided diligent and supportive guidance throughout. They also behaved throughout as one would expect friends and confidants to act, which is very helpful in a confidential situation. We were delighted with the result and very, very pleased to have had the three of them as our team.”
“Cavendish has a great brand and great people, and from the moment the appointment was made, we knew we were in safe hands. The Cavendish team of Andrew, Steve and Paris delivered the right advice at all times. The strength of their international reach brought parties to the table including ZEDRA who we would never have found ourselves and who saw the potential in our business and our team. Cavendish controlled the process and the negotiations throughout. They also understood how we felt as founders to be selling a business we had built over 12 years. Many thanks once again to the Cavendish team – I would highly recommend them.”
“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.
“It was a great pleasure to work with the Cavendish team once again. Having successfully worked together on the sale of our Payroll business in 2018, Cavendish were our natural choice of advisors. The team demonstrated a deep understanding of the sector and provided sound and trusted advice throughout the process.
We are confident the business will continue to flourish under IRIS Software Group’s ownership, further developing and delivering our market-leading software to new markets, and we look forward to working together during this next chapter.”
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