M&A Deal Summary

Frontier Services Group Acquires Phoenix Aviation

On July 29, 2014, Frontier Services Group acquired aerospace company Phoenix Aviation for 14M USD

Acquisition Highlights
  • This is Frontier Services Group’s 1st transaction in the Aerospace sector.
  • This is Frontier Services Group’s largest (disclosed) transaction.
  • This is Frontier Services Group’s 1st transaction in Kenya.

M&A Deal Summary
Date 2014-07-29
Target Phoenix Aviation
Sector Aerospace
Buyer(s) Frontier Services Group
Deal Type Add-on Acquisition
Deal Value 14M USD

Target

Phoenix Aviation

Nairobi, Kenya
Phoenix Aviation Ltd. is a private executive air charter company. Phoenix originally focused on the repair and maintenance of light aircraft within East Africa and air ambulance services; both of which still constitute a significant part of its business.

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Buyer(S) 1

Buyer

Frontier Services Group

Admiralty, China
Category Company
Sector Transportation
Employees1,939
Revenue 813M HKD (2023)
DESCRIPTION

Frontier Services Group is a logistics solutions provider in frontier markets. Serving sectors across oil and gas, mining and humanitarian relief organizations, FSG is able to support customer’s needs around moving goods, material and people in to, and out of, some of the fastest growing, but more difficult operating environments in a safe, reliable and cost-effective manner. Frontier Services Group is based in Admiralty, China.

DEAL STATS #
Overall 1 of 3
Sector (Aerospace) 1 of 2
Type (Add-on Acquisition) 1 of 3
Country (Kenya) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-02 Frontier Services - DVN Set-Top Box

China

Frontier Services - DVN Set-Top Box business is a developer and marketer of digital cable boxes.

Sell $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-15 Cheetah Logistics SARL

Congo

Cheetah Logistics SARL is a transportation company.

Buy -
Mergr

Product

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