Inflexion scores 3x on CTC divestment

Following the deal, the aviation services training company has been renamed L-3 CTC. New York-headquartered L-3 employs 45,000 people worldwide and is a contractor in aerospace systems and national security services.

Previous funding
Inflexion backed the management buyout of CTC in June 2012, investing from its 2010 buyout fund, according to unquote" data.

Since investing, CTC has secured agreements with airlines including Virgin Atlantic, Oman Air and Wizz Air. Furthermore, the company opened training centres in the UK, the US and New Zealand.

A key driver of the 2012 buyout was to transition the business from its founder to the management team.

Company
CTC is an aviation services training company, specialising in training pilots and flight crews. It trains 1,500 newly qualified and experienced pilots each year for 40 partner airlines.

The company employs 265 people. CTC is expected to generate sales of $86m for 2015.

People
Rob Clarke is CEO of CTC. John Hartz is managing partner of Inflexion. Michael Strianese is chairperson, president and CEO of L-3.

Advisers
Vendor – PwC (Corporate finance); Addleshaw Goddard (Legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Exits
• UK / Ireland
• Inflexion Private Equity