E&Y helps create commercial pilot training group
Firm advised on disposal of a majority equity stake
Firm advised on disposal of a majority equity stake
Ernst & Young acted as advisers for GE
Commercial Aviation Services Business (GECAS) on the disposal of a majority
equity stake in General Electric Commercial Aviation Training (GECAT), its pilot
training business, to STAR Capital
Partners.
The deal valued the combined businesses in excess of $275m (?140m) and
created one of the largest independent providers of commercial pilot training
services in the world.
STAR simultaneously purchased entire share capital of SAS Flight Academy
(SASFA) from SAS AB (SAS) and then merged the two pilot training businesses into
a new buy-out entity.
Ken Williamson and Boota Kular of Ernst & Young M&A advisory services
commented: ‘GE was not only a vendor of a majority stake in GECAT but also an
investor and partner in the combined GECAT/SASFA business post-transaction.’
Further reading:
Fashion store hires E&Y as advisers
New banking partner added to E&Y team
The numbers you crunch tell a story. Your expertis...
17yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleChartered accountancy body ICAEW published a report on May 22 exploring the evolution of mid-tier accountancy firms following a survey of managing par...
View articleWhen I asked ChatGPT to show me a picture of a typical accountant, the output was not surprising – sat at a desk covered in paper and a calculat...
View articleSeven UK professional football clubs were issued winding up petitions in 2023 – the highest figure since 2020 – as financial pressures intensify*, say...
View articlehaysmacintyre, a top-20 London firm of chartered accountants, has been recognised as one of the UK’s best places to work by The Sunday Times. The firm...
View articleInvestment in its people will drive forward the ambitious growth plans. The new structure will see Lucy Williams take the reins as managing partner Re...
View articleGravita is redefining accountancy for growth companies, delivering a full suite of services through deep expertise, trusted consultancy and technology...
View articleKevin Igoe has been hired as the MD of the new team, which is part of the BSpoke Commercial Insurance division Read More...
View articleFirm promotes Sean McGinness as the new office leader. This dual shift in location and leadership heralds a fresh chapter for the firm, poised for gro...
View article