M&A Deal Summary

Harwood Private Equity Acquires Air Fayre

On November 15, 2016, private equity firm Harwood Private Equity acquired airliner Air Fayre for 32M GBP

Acquisition Highlights
  • This is Harwood Private Equity’s 1st transaction in the Airlines sector.
  • This is Harwood Private Equity’s largest (disclosed) transaction.
  • This is Harwood Private Equity’s 1st transaction in the United States.
  • This is Harwood Private Equity’s 1st transaction in California.

M&A Deal Summary
Date 2016-11-15
Target Air Fayre
Sector Airlines
Buyer(s) Harwood Private Equity
Deal Type Going Private
Deal Value 32M GBP

Target

Air Fayre

Gardena, California, United States
website
Air Fayre is a provider of in-flight catering to the airline industry, servicing large passenger and cargo airlines at Los Angeles International Airport (LAX) and Memphis International Airport (MEM). Air Fayre is based in Gardena, California.

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Buyer(S) 1

Buyer

Harwood Private Equity

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 700M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harwood Private Equity is a private equity firm focused on acquiring and investing in lower middle-market UK-based companies valued up to £50 million. The Firm does not have any sector preferences and will consider a variety of investment situations including buyouts and take privates. Harwood Private Equity was established in 1999 and is based in London.

DEAL STATS #
Overall 2 of 10
Sector (Airlines) 1 of 1
Type (Going Private) 1 of 2
State (California) 1 of 2
Country (United States) 1 of 5
Year (2016) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-11 CoventBridge Group

Jacksonville, Florida, United Kingdom

CoventBridge Group is a full service investigation company providing: Surveillance, SIU and Compliance, Claims Investigation, Counter-Fraud Programs, Desktop Investigations, Social Media, Record Retrieval, Canvasses and Vendor Management programs. CoventBridge Group is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-31 HML Holdings

Richmond, United Kingdom

HML Holdings is a provider of property management services for residential and commercial sectors in the United Kingdom. It operates through Property Management, Professional Services, and Insurance Services segments. HML Holdings was founded in 1991 and is based in Richmond, United Kingdom.

Buy £19M
Mergr

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