M&A Deal Summary

Swissport International AG and Airport Dimensions Acquire No1 Lounges

On June 28, 2021, Swissport International AG and Airport Dimensions acquired business services company No1 Lounges from NVM Private Equity

Acquisition Highlights
  • This is Swissport International AG’s 2nd and Airport Dimensions’ 1st transaction in the Business Services sector.
  • This is Swissport International AG’s 1st and Airport Dimensions’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2021-06-28
Target No1 Lounges
Sector Business Services
Buyer(s) Swissport International AG
Airport Dimensions
Sellers(s) NVM Private Equity
Deal Type Joint Venture

Target

No1 Lounges

London, United Kingdom
No1 Lounges provides premium airport hospitality services for airports in Birmingham, Gatwick, Heathrow, Manchester, and Stansted offering a broad range of facilities including a bistro, a bar serving complimentary food, and beverages, work-friendly spaces, family and entertainment rooms, WiFi, magazines, and newspapers. No1 Lounges was founded in 2006 and is based in London, United Kingdom.

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Buyer(S) 2

Buyer

Swissport International AG

Opfikon, Switzerland

Category Company
Founded 1996
Sector Business Services
Employees35,000
Revenue 1.7B CHF (2013)
DESCRIPTION

Swissport International Ltd. provides ground services for around 224 million passengers and handles 4.1 million tonnes of cargo a year on behalf of some 700 client-companies in the aviation sector.


DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 2 of 2
Type: Joint Venture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-22 Aerocare Flight Support

Newstead, Australia

Aerocare Flight Support is an independent provider of aviation services. Aerocare works with 34 airlines from budget carriers through to international full-service airlines providing the full range of passenger and ramp services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-07 ViaEurope

Rozenburg, Netherlands

ViaEurope is a logistics services provider, specializing in end-to-end cross-border e-commerce solutions. ViaEurope was formed in 2014 and is headquartered in Rozenburg, Netherlands.

Buy -
Buyer

Airport Dimensions

London, United Kingdom

Category Company
Sector Business Services
DESCRIPTION

Airport Dimensions are the global leaders in airport lounges and traveler experiences. Airport Dimensions has a rapidly growing network of locations at the airports across the United States, the Middle East, South America, Asia Pacific. Airport Dimensions is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2021 M&A 1 of 1

Seller(S) 1

SELLER

NVM Private Equity

Newcastle Upon Tyne, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 290M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

NVM Private Equity is an investor in growth-oriented UK-based companies. NVM does not have any sector preferences and looks to invest £2 to £10 million equity per transaction. NVM will consider a variety of transaction situations, including MBOs, MBIs, development capital financings, turnarounds, recapitalizations and early stage financings. NVM Private Equity was established in 1984 and was formerly known as Northern Venture Managers Ltd. NVM is based in Newcastle with additional offices in Edinburgh, Manchester, and Reading.


DEAL STATS #
Overall 33 of 37
Sector: Business Services M&A 5 of 6
Type: Joint Venture M&A Deals 2 of 2
Country: United Kingdom M&A 33 of 37
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-22 musicMagpie

Stockport, United Kingdom

musicMagpie engages in the re-commerce of consumer technology, books, and disc media products in the United States. The company buys, refurbishes, rents, and sells consumer technology products, including smartphones, tablets, consoles, wearables, and personal computers; and CDs, DVDs, Blu-rays, and video games. It also buys and sells hardback and paperback books; and provides smartphone rental services. musicMagpie was founded in 2007 and is based in Stockport, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Intelling

Manchester, United Kingdom

Intelling provides a range of inbound and outbound telemarketing and customer care services, specializing in the business to the consumer market. Intelling was founded in 2012 and is based in Manchester, England.

Sell -