Investment Summary

Cartesian Capital Group Invests In Flybondi

On July 27, 2017, private equity firm Cartesian Capital Group invested in airliner Flybondi

Investment Highlights
  • This is Cartesian Capital Group’s 1st transaction in the Airlines sector.
  • This is Cartesian Capital Group’s 1st transaction in Argentina.
Investment Fate
  • Flybondi went public in 2023.

Investment Summary

Date 2017-07-27
Target Flybondi
Sector Airlines
Investor(s) Cartesian Capital Group
Deal Type Growth Capital

Target

Flybondi

Buenos Aires, Argentina
Flybondi is a new airline that brings the low-cost carrier (“LCC”) model to Argentina. It expects to transport 10 million passengers in 5 years and double the air travel market in Argentina. Flybondi was formed in 2016 and is based in Buenos Aires, Argentina.

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Investor(S) 1

Investor

Cartesian Capital Group

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cartesian Capital Group LLC is a private equity firm that invests in high growth businesses in emerging markets across the globe. Cartesian focuses on profitable companies with strong growth prospects and experienced management. The Firm looks to invest $25 - $125 million (generally minority positions). Specific areas of interest include financial and business services, telecommunications, specialized retail, transportation and logistics, and material products. Cartesian Capital Group LLC was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 20 of 23
Sector: Airlines M&A 1 of 1
Type: Growth Capital M&A Deals 6 of 9
Country: Argentina M&A 1 of 1
Year: 2017 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-13 BTS Towers

Fort Lauderdale, Florida, United States

BTS Towers builds and operates communication towers for wireless telephony companies. BTS Towers focuses on renting tower or roof space to telecommunications operators, as well as other companies that offer wireless services. BTS Towers is based in Fort Lauderdale, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-08 Aloo Telecom

Maceio, Brazil

Aloo Telecom is a rapidly growing broadband service provider operating primarily in the northeastern region of Brazil, with a growing presence in the southeastern and midwestern regions. Aloo Telecom was founded in 2003 and is based in Maceio, Brazil.

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