MBO means expansion plans are clear for take-offAug 02, 2012
The deal means that the company can accelerate its global growth plans.
Kimbells Freeth’s commercial team, headed by partner Jonathan Hambleton, handled the legal aspects of the sale of a fleet of aircraft, flight simulators and substantial property assets in CTC’s home country New Zealand and in the UK.
Mr Hambleton (pictured) said: “Despite caution in the market, this deal proves that there is still scope to carry out merger and acquisition activity where there is a strong business proposition.
“The international potential of this target, in particular, made it especially attractive.”
CTC trains pilots in the UK at its bases in Southampton and Bournemouth for airlines including Luton-based easyJet, BA, Qatar Airways and Jetstar Asia.
The management buy-out of the company has been funded by the continuing management team and private equity house Inflexion.