M&A Deal Summary

Directional Aviation Capital Acquires Sirio

On January 1, 2018, private equity firm Directional Aviation Capital acquired aerospace company Sirio

Acquisition Highlights
  • This is Directional Aviation Capital’s 3rd transaction in the Aerospace sector.
  • This is Directional Aviation Capital’s 1st transaction in Italy.

M&A Deal Summary

Date 2018-01-01
Target Sirio
Sector Aerospace
Buyer(s) Directional Aviation Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sirio

Milano, Italy
Sirio is an aircraft-management and maintenance organisation that provides services to private-jet owners and operators globally. Sirio was founded in 1984 and is based in Milano, Italy.

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Buyer(S) 1

DESCRIPTION

Directional Aviation Capital is a private investment and holding company focused on the aviation sector. Specific areas of interest include fractional jet ownership, jet cards, charter, fleet management, remanufacturing, and aviation parts distribution. Directional Aviation Capital was established in 1981 and is headquartered in Cleveland, Ohio.


DEAL STATS #
Overall 7 of 9
Sector: Aerospace M&A 3 of 5
Type: Buyout (LBO, MBO, MBI) M&A Deals 4 of 5
Country: Italy M&A 1 of 1
Year: 2018 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-05 Flexjet

Richmond Heights, Ohio, United States

Flexjet offers a range of private-jet services including: fractional ownership, leasing, charter memberships and aircraft management. Flexjet was founded in 1995 and is based in Richmond Heights, Ohio.

Buy $185M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-19 Simcom

Orlando, Florida, United States

Simcom is a privately-owned, comprehensive learning institution, SIMCOM utilizes realistic simulator-based training to provide advanced aviation training services to professional pilots, owner-operators, Part 135 operators and maintenance personnel operating in general aviation, regional, military, government and cargo operations around the world. Simcom was founded in 1989 and is based in Orlando, Florida.

Buy -