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Announced

Completed

Draken completed the acquisition of FR Aviation from Cobham.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

Friendly

aviation

United Kingdom

Completed

Acquisition

Single Bidder

Private Equity

Aerospace

Private

Synopsis

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Draken International, an American provider of tactical fighter aircraft for contract air services including military and defense industry customers, completed the acquisition of FR Aviation, an aviation business in the UK, from Cobham, a British manufacturing company and Advent's subsidiary. Financial terms were not disclosed. With the acquisition of FR Aviation's fleet of fifteen Falcon 20s and one Diamond DA42, Draken has not only expanded its inventory: it also gains access to the European market, giving hope of future business with the USAFE, NATO and, of course, the UK military.

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