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M&A Deal Summary

Gen24 Acquires Avion

On February 9, 2023, Gen24 acquired education company Avion from 5square

Acquisition Highlights
  • This is Gen24’s 1st transaction in the Education sector.
  • This is Gen24’s 1st transaction in the Netherlands.

M&A Deal Summary
Date 2023-02-09
Target Avion
Sector Education
Buyer(s) Gen24
Sellers(s) 5square
Deal Type Add-on Acquisition

Target

Avion

Nieuw-Vennep, Netherlands
Avion is a developer and producer of “next generation” Flight Simulators (Airbus A320). By using the latest technologies, Avion realizes the ultimate training experience at the lowest total cost of ownership. Avion enables airlines to reduce costs, minimize pilot travel time and deliver a high-quality training experience. Avion was founded in 2015 and is based in Nieuw-Vennep, Netherlands.

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Buyer(S) 1

Buyer

Gen24

Mumbai, India
Category Company
Sector Education
DESCRIPTION

Gen24 is a Flight Training Company, using Level D Full Flight Simulators. Alongside having a footprint in the Non-Scheduled Air Transport Service Provider segment. Gen24 is based in Mumbai, India.

DEAL STATS #
Overall 1 of 1
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

SELLER

5square

Investor

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

5square is a private equity firm focused on acquiring profitable, medium-sized Dutch companies. The Firm typically invests €5 to €10 million per transaction and will consider both majority and minority positions. 5square was founded in 2004 and is headquartered in Laren, the Netherlands.

DEAL STATS #
Overall 3 of 4
Sector: Education M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Netherlands M&A 3 of 4
Year: 2023 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Paazl

Amsterdam, Netherlands

Paazl is a cloud-based delivery management software designed to offer Shipping Services for medium-sized and large companies with a D2C focus. Paazl was founded in 2009 and is based in Amsterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-17 Five Degrees Solutions

Amsterdam, Netherlands

Five Degrees Solutions is a digital banking platform to create banking as it should be. Five Degrees combine state-of-the-art technology and sound financial knowledge to create unique digital solutions for today’s banks and for people who like banking to be quick and easy. Five Degrees Solutions was founded in 2009 and is based in Amsterdam, Netherlands.

Sell -
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