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GCA Altium advises AXIO on sale of OAG


Global investment bank GCA Altium has advised AXIO Aviation Holdings on the sale of OAG to Vitruvian Partners in a deal worth approximately USD215 million.

OAG is the global leader in aviation information and intelligence, providing customers with flight schedule and status information, in addition to related data analysis tools. The company’s flight information database holds future and historical flight details for over 900 airlines and more than 4,000 airports, offering unprecedented insight into scheduling and planning, flight status and day-of-travel updates, post-journey analysis and on-time performance. With the most extensive real-time database in the market, OAG’s delivers 35 million flight status updates daily.
 
Headquartered in Luton, UK, OAG serves the air travel community from its global network of offices in the USA, Singapore, Japan and China. The company has been an industry success story, redefining its strategy following its acquisition by Axio out of UBM in 2013, enjoying unprecedented growth in recent years under its experienced leadership team. OAG serves a wide range of customers across the travel sector including airlines, airports and airport services providers, travel distribution players, government agencies, aircraft manufacturers, consultancies and corporates.
 
OAG is the latest in a series of significant technology transactions for GCA Altium, following on from the sale of SAP specialist Edenhouse to ECI Partners in December 2016, and the sale of Urban Engines to Google in October 2016.
 
Henry Elkington, CEO of AXIO, says: “GCA Altium tracked OAG for some time, and brought a number of interesting ideas to AXIO over the years.  We selected them because the sale process required global coverage of both trade buyers and sponsors.  GCA’s disciplined and well run process helped us achieve an excellent result for our shareholders and OAG.”
 
Phil Callow, CEO at OAG, adds: “The team and GCA Altium have been great to work with. Their understanding of the space and professionalism were key factors in the deal.”
 
Christopher Jones, Managing Director at GCA Altium, says: “It has been a pleasure to advise AXIO and the management team of OAG on this landmark data services transaction. Under AXIO’s ownership, the management team led by Phil Callow have transformed OAG into the world’s leading provider of digital flight information and analytics. OAG sits at the nexus of the growing global aviation sector – the group’s data enables stakeholders across the entire ecosystem to function more effectively and efficiently. In Vitruvian, OAG has found a highly informed and supportive backer – we have little doubt that the business will continue to flourish under their stewardship.”

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