January 16, 2015
H.I.G. acquires majority stake in Aviapartner to support acceleration of strategic plan
H.I.G. Capital, a leading global investment firm, announced that its affiliate has completed the acquisition of an equity interest in Aviapartner, thereby becoming the majority shareholder alongside the Group’s Chairman and management. Aviapartner is a leading European provider of airport ground handling services with 60 years of experience. Aviapartner provides ground handling services for passengers and aircraft across 27 airports in 5 European countries (France, Germany, Belgium, Italy and the Netherlands). The Group, which generated sales of over €350m in 2014, employs over 6,000 people and serves more than 50 million passengers per year. With the support of H.I.G. Capital, Aviapartner will accelerate its growth and development strategy, notably through acquisitions and by expanding its operations in other European countries and in the fast-growing African market. H.I.G. Capital has substantial operating, strategic and financial experience, enabling it to contribute meaningfully to companies actively looking for build-up opportunities and facing strategical changes.