M&A Deal Summary

Monitor Clipper Partners Acquires Flight Options

On August 1, 1999, private equity firm Monitor Clipper Partners acquired transportation company Flight Options

Acquisition Highlights
  • This is Monitor Clipper Partners’ 1st transaction in the Transportation sector.
  • This is Monitor Clipper Partners’ 4th transaction in the United States.
  • This is Monitor Clipper Partners’ 1st transaction in Ohio.
Investment Fate
  • Flight Options was sold to a publicly-traded strategic buyer in 2005.
  • Flight Options was divested to a consortium of buyers in 2007.

M&A Deal Summary

Date 1999-08-01
Target Flight Options
Sector Transportation
Buyer(s) Monitor Clipper Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Flight Options

Cleveland, Ohio, United States
Flight Options is a private jet aviation company that operates a fleet of 130 luxury aircraft to provide a full suite of services to businesses and high net worth individuals. Flight Options was established in 1998 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Monitor Clipper Partners


Category Private Equity Firm
Founded 1998
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Monitor Clipper Partners (MCP) is a private equity group formed by consulting firm The Monitor Group and private equity firm The Clipper Group. MCP targets private equity investments in middle-market companies in North America and Western Europe and looks to commit $10 to $70 million of equity per transaction. MCP does not focus on any particular sector but current portfolio companies suggest an interest in business services, natural/organic foods, specialty retail, health care services, gaming, logistics, mortgage technology, marketing services, financial services and metals. The Firm will consider both control and minority positions. Monitor Clipper Partners was formed in 1998 and is based in Cambridge, Massachusetts with additional offices in Zurich, Switzerland, Toronto, Canada, Luxembourg and London, United Kingdom.


DEAL STATS #
Overall 5 of 41
Sector: Transportation M&A 1 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 18
State: Ohio M&A 1 of 2
Country: United States M&A 4 of 33
Year: 1999 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-07-12 Technal SA

France

Technal, S.A., the leading aluminum building systems company in France, with operations also in England, Spain and Portugal. The company designs, extrudes, finishes and distributes aluminum building systems, including window systems, doors, curtain walls, conservatories, shop fronts and partitions, to over 3,000 customers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-09-01 Veridian

Arlington, Virginia, United States

Veridian Corp. is a provider of information technology and network security and applied science and engineering services to the U.S. intelligence community and military services, and to the civilian and commercial sectors.

Buy -