M&A Deal Summary

Apollo Global Management Acquires Modern Aviation

On November 2, 2023, asset manager Apollo Global Management acquired aerospace company Modern Aviation from Tiger Infrastructure Partners

Acquisition Highlights
  • This is Apollo Global Management’s 2nd transaction in the Aerospace sector.
  • This is Apollo Global Management’s 97th transaction in the United States.
  • This is Apollo Global Management’s 6th transaction in New York.

M&A Deal Summary

Date 2023-11-02
Target Modern Aviation
Sector Aerospace
Buyer(s) Apollo Global Management
Sellers(s) Tiger Infrastructure Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)
Winston & Strawn
Lowenstein Sandler LLP (Legal)

Target

Modern Aviation

New York, New York, United States
website
Modern Aviation is a platform company created to acquire and consolidate fixed-based operators (“FBOs”). Its FBOs hold long-term concessions at the airports where they operate and provide hangar space, fuel, and other aviation services. Modern Aviation was founded in 2017 and is based in New York City.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 133 of 134
Sector (Aerospace) 2 of 2
Type (Secondary Buyout) 28 of 28
State (New York) 6 of 6
Country (United States) 97 of 98
Year (2023) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Vacuumschmelze

Hanau, Germany

Vacuumschmelze is a producer of advanced magnetic solutions, rare earth permanent magnets, and inductive components. Vacuumschmelze was founded in 1923 and is based in Hanau, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-26 U.S. Silica

Katy, Texas, United States

U.S. Silica is a producer of commercial silica sand provider with a focus on performance materials that are essential to modern living. U.S. Silica was founded in 2008 and is based in Katy, Texas.

Buy $1.9B

Seller(S) 1

SELLER
DESCRIPTION

Tiger Infrastructure Partners is a private equity firm focused on acquiring controlling stakes in infrastructure companies in the communications, energy, and transportation sectors. Tiger will consider opportunities throughout North America and Europe and looks to commit $25 to $100 million per transaction. Tiger Infrastructure Partners was formed in 2009 and is based in New York City.


DEAL STATS #
Overall 4 of 4
Sector (Aerospace) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 2 of 2
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-06 International Aerospace Coatings

Shannon, Ireland

International Aerospace Coatings is a provider of services to the aviation industry, including exterior and interior aircraft painting, aircraft refurbishment, and graphics together with a range of specialist services. IAC provides these services to commercial airlines and OEMs, VIP aircraft fleets, aviation leasing companies, and the military. International Aerospace Coatings is based in Shannon, Ireland.

Buy -