Buyout (LBO, MBO, MBI) • Aerospace

777 Partners Acquires Air Black Box

On March 11, 2019, private equity firm 777 Partners acquired aerospace company Air Black Box

Acquisition Context

This is 777 Partners’ 1st transaction in the Aerospace sector.
This is 777 Partners’ 2nd transaction in the United Kingdom.

Investment Fate

Air Black Box was sold to a strategic buyer in 2023.

Explore All 279 Buyout (LBO, MBO, MBI) Aerospace Deals - Search the Database Free

M&A Deal Summary
Date	March 11, 2019
Target	Air Black Box
Sector	Aerospace
Buyer(s)	777 Partners
Deal Type	Buyout (LBO, MBO, MBI)

Target Company

Air Black Box

Manchester, United Kingdom

Air Black Box is a travel technology company dedicated to transforming the travel selling process through decades of domain expertise, patented integration technology and a vision for innovation. Air Black Box’s industry-first comprehensive travel connection platform enables airlines, airports and travel providers to expand their market footprint, boost passenger volume, increase core and ancillary revenue, and create new sales opportunities by efficiently and cost-effectively facilitating the cross-selling, distribution and fulfillment of travel products and services. Air Black Box was founded in 2013 and is based in Manchester, England.

Explore More Deals

Browse All 215,156 Deals

FILTER BY

Buyer Type (PE or Strategic)
Deal Size ($10M to $10B+)
Sector (60 Sectors)
Deal Type
Geography
& More

Search Free

Buyer Overview 1

Buyer

777 Partners

Investor Investor

Category	Private Equity Firm
Founded	2015
Size	Large
Type	Sector Agnostic

DESCRIPTION

777 Partners is a private investment firm that will consider company investment opportunities at all stages of development. The Firm looks to partner with entrepreneurs, business owners, and management teams when pursuing transactions. Specific areas of interest include insurance, aviation, consumer finance, litigation finance, financial technology, and energy sectors. 777 Partners was formed in 2015 as a buyout of SuttonPark Capital from PennantPark, a publicly traded business development company. The Firm is based in Miami, Florida.

Deal Context for Buyer	#
Overall	16 of 46
Sector: Aerospace	1 of 1
Type: Buyout (LBO, MBO, MBI)	13 of 36
Country: United Kingdom	2 of 4
Year: 2019	4 of 14

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-01-24	Sutton National Dania Beach, Florida, United States Sutton National is an admitted US property & casualty insurance company dedicated to program management. Sutton National was founded in 1972 and is based in Dania Beach, Florida.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-01-24

Sutton National

Dania Beach, Florida, United States

Sutton National is an admitted US property & casualty insurance company dedicated to program management. Sutton National was founded in 1972 and is based in Dania Beach, Florida.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2019-04-02	Flair Airlines Kelowna, British Columbia, Canada Flair Airlines operated as a charter carrier before transitioning to scheduled service in 2017. To consistently offer affordable air travel to Canadians with a fleet that now includes Boeing 737-800s – Flair is focused on key airports, with its main transfer hub in Edmonton and a network that supports seasonal demand. Flair Airlines was founded in 2005 and is based in Kelowna, British Columbia.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2019-04-02

Flair Airlines

Kelowna, British Columbia, Canada

Flair Airlines operated as a charter carrier before transitioning to scheduled service in 2017. To consistently offer affordable air travel to Canadians with a fleet that now includes Boeing 737-800s – Flair is focused on key airports, with its main transfer hub in Edmonton and a network that supports seasonal demand. Flair Airlines was founded in 2005 and is based in Kelowna, British Columbia.

Buy

Explore Related M&A Activity

Aerospace M&A - Buyout (LBO, MBO, MBI) M&A Deals - United Kingdom M&A - 2019 M&A