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New Deal


Announced

Completed

Wheels Up completed the acquisition of Air Partner for $107m.

Financials

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Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

aviation services

Single Bidder

Majority

United Kingdom

Acquisition

Friendly

Airlines

Public

Completed

Synopsis

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Wheels Up, a provider of travel services, completed the acquisition of Air Partner, a global aviation services group, for $107m. "We are thrilled to welcome the Air Partner team as Wheels Up officially goes global. Air Partner's rich 60-year history in private aviation and complementary services will be an excellent enhancement of our brand as we continue to expand our marketplace and deliver a world-class experience for our members and customers. Bringing these two teams together is a tremendous advantage as we work to reinvent the future of private travel," Kenny Dichter, Wheels Up Chairman and CEO.

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