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New Deal


Announced

Completed

Global Emerging Markets completed the $200m investment in Surf Air.

Financials

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Transaction Value£149m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Airlines

Friendly

Private

Completed

Minority

private plane operator

Acquisition

Single Bidder

Domestic

Private Equity

Synopsis

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Global Emerging Markets, an alternative investment group, completed the $200m investment in Surf Air, a membership-based private plane operator. The investment precedes planned IPO via SPAC merger or a direct listing. The proceeds will be used to expand its coverage area and make technology acquisitions and developments.

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