PAR Capital secures majority stake in Advanced Inflight Alliance

Other shareholders include BF Ventures Management, Greatland Investments and Bernard Pouliot - they altogether own a combined 5% stake.

PAR Capital acquired the company through a number of off-market PIPE transactions before launching a public takeover offer. The GP plans to take the business into a phase of further organic growth and to possibly make add-on acquisitions.

Company
AIA was founded in Munich in 1998 before listing in 1999. The company's market cap amounts to €101.8m. It is the only listed in-flight entertainment company and provides passenger planes with video, audio and games entertainment. It has around 20 subsidiaries worldwide. AIA had a turnover of €121.58m in 2011 and an EBITDA of €10.5m.

Advisers
Equity - SJ Berwin, Christian Cornett (Legal).

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• Topics
• DACH
• Consumer
• Buyouts
• SJ Berwin
• Germany