M&A Deal Summary

777 Partners Acquires Flexflight

On January 1, 2020, private equity firm 777 Partners acquired airliner Flexflight

Acquisition Highlights
  • This is 777 Partners’ 3rd transaction in the Airlines sector.
  • This is 777 Partners’ 1st transaction in Denmark.

M&A Deal Summary
Date 2020-01-01
Target Flexflight
Sector Airlines
Buyer(s) 777 Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Flexflight

Roskilde, Denmark
Flexflight is an aircraft operator. FlexFlight's primary business is Aircraft Management, and secondary business is air charter services around the world. FlexFlight offers unparalleled levels of flexibility, privacy and freedom offering a web based, demand system to request air transport services and charter. Flexflight was founded in 2003 and is based in Roskilde, Denmark.

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Buyer(S) 1

Buyer

777 Partners

Investor Investor Investor 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 STATS #
Overall 28 of 46
Sector (Airlines) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 22 of 36
Country (Denmark) 1 of 2
Year (2020) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 London Lions

London, United Kingdom

London Lions is a professional Basketball team playing at the Copperbox Arena in the British Basketball League. London Lions was founded in 1977 London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Merit

Charlotte, North Carolina, United States

Merit delivers products to the pre-retirement and retirement markets. Merit’s first product will be an annuity that provides individuals with lifetime certainty of income based on defined investment portfolio parameters. Merit is based in Charlotte, North Carolina.

Buy -
Mergr

Product

Company

Legal