Announced
Completed
Financials
Tags
Friendly
aviation
Private Equity
Single Bidder
Acquisition
United Kingdom
Majority
Private
support services
Electronic Components and Equipment
Domestic
Completed
Synopsis
Ancala Partners, a private equity firm, completed the acquisition of the aerial emergency services business of Babcock International, a British aerospace, defense, and nuclear engineering services company, for $143m. “Avincis, formed through the carve out of certain aerial emergency service businesses from Babcock International, demonstrates Ancala’s ability to source and execute differentiated investment opportunities. We look forward to working with John, Kim and the Avincis team to continue the safe and reliable delivery of critical emergency aviation services to communities across Iberia, Italy and the Nordics. I would like to thank Neal Misell for his leadership of the business and wish him the best for the future," Lee Mellor, Ancala Partner.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.