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The Deal Diary

Air Partner Acquisition of Baines Simmons

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On Wednesday 19th August, Baines Simmons became part of the Air Partner group of companies following the 100% acquisition of shares from directors Keven Baines, Bob Simmons and Andrew Parker. The move to acquire the world’s leading aviation safety improvement consultancy is part of Air Partner’s group diversification programme and complements their world-leading aviation aircraft chartering activities.

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Air PartnerBaines Simmons will continue to operate as an autonomous brand within Air Partner’s growing portfolio of companies and the directors will continue to lead and develop the company’s growth and success. Baines Simmons will continue to operate out of its Fairoaks office in Surrey, UK and there are no changes to the current employment contracts for the 80+ consultants and head office staff who work for the company. Founded in 1961, Air Partner is a global aviation services group that provides worldwide solutions to industry, commerce, governments and private individuals. The Group is structured into four reporting divisions: Commercial Jets, Private Jets, Freight and Baines Simmons. The Commercial Jet division charters large airliners to move groups of any size. Private Jets offers the company’s unique pre-paid JetCard scheme and on-demand charter. Air Partner Freight charters aircraft of every size to fly almost any cargo anywhere, at any time. Cabot Aviation, which is formed within the Commercial Jet division, provides comprehensive remarketing programmes for all types of commercial and corporate aircraft to a wide range of international clients. Baines Simmons is a world leader in Aviation Safety Consulting which specialises in aviation regulation, compliance and safety management. Air Partner is headquartered alongside Gatwick airport in the UK. Air Partner operates 24/7 year-round and has 20 offices globally. Air Partner is listed on the London Stock Exchange (AIR) and is also ISO 9001:2008 compliant for commercial airline and private jet solutions worldwide.

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“Baines Simmons has a high-end position in its industry and Merrill DataSite was very proud to be chosen as the virtual data room provider on this project. Merrill DataSite is the market leading VDR solution and we were pleased to help showcase this prime asset sale.” Said Sean Dainty, Regional Director at Merrill DataSite. Sean.Dainty@merrillcorp.com www.datasite.com

Abbey Bond Lovis Management Buy-Out Backed by Global Risk Partners Abbey Bond Lovis has completed a management buyout backed by Global Risk Partners (GRP). The firm has previously invested in the likes of Plum Underwriting and Ropner Insurance Services.

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Earlier this week it stated that it would be targetting UK regional brokers as it brought former Towergate deals-chief Kenny Maciver on board. Regarding the Lovis deal, GRP confirmed that the broker’s management team, Maurice Boyd, Stephen Carlisle, Gary Crabbe, Ken Alderdice and Patrick McMillen will continue to lead the business and are co-investors. Maurice Boyd, managing director of Abbey Bond Lovis, said: “Our MBO provides an ideal platform to further expand our footprint in Northern Ireland. “With the support of Global Risk Partners, we plan to grow the business through acquisition of businesses, teams and individuals, maintaining our reputation as a client focused organisation providing a professional insurance and risk management service.” David Margrett, chief executive of GRP said: “Backing the Abbey Bond Lovis MBO was an ideal opportunity to acquire an established broker with a strong reputation in the market and led by an excellent management team. “Abbey Bond Lovis provides us with a scaleable platform to expand in Northern Ireland.” He added: “Our ‘owner-driver’ approach gives each management team a significant equity stake in their business, creating an attractive opportunity for both retail and wholesale businesses to be part of our group.”

120 Acquisition International - December 2015

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Profile for AI Global Media

AI magazine December 2015  

AI magazine December 2015  

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