Liberty Hall Capital Partners, a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, has acquired Paxia, a provider of integrated, value enhancing onboard services and catering management software solutions serving the commercial aerospace industry.
Paxia was acquired from TELEO Capital, who is retaining a minority interest in the company. Terms of the transaction were not disclosed.
Paxia operates a software as a service (SaaS) business model and represents Liberty Hall’s seventh SaaS investment, including three platform and four add-on acquisitions.
The transaction advances the execution of Liberty Hall’s investment thesis focused on the digital transformation occurring within the aviation industry, which is driving further adoption of digital-based processes and workflows.
Founded in 2000, Paxia provides a SaaS-based, mission-critical, fully integrated, end-to-end onboard services and catering management platform designed to simplify and optimise the entire catering operation, connecting suppliers, caterers, kitchens and airline operations through a “single source of truth”.
Paxia serves several of the world’s leading airlines, including Alaska Airlines, British Airways, Cathay Pacific, Delta Airlines, flydubai and Scandinavian Airlines, offering a suite of modular solutions, which supports all sizes of airlines with tailored applications and configurations to improve business operations and meet growing compliance requirements.
Houlihan Lokey served as financial advisor to Liberty Hall. Gibson, Dunn & Crutcher served as legal counsel to Liberty Hall and O’Melveny & Myers served as legal counsel to the seller.
