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HIG acquires a majority stake in Aviapartner

An affiliate of HIG Capital has completed the acquisition of an equity interest in Aviapartner, thereby becoming the majority shareholder alongside the Group's Chairman and management.

Aviapartner is a leading European provider of airport ground handling services with 60 years of experience. Aviapartner provides ground handling services for passengers and aircraft across 27 airports in 5 European countries (France, Germany, Belgium, Italy and the Netherlands). The Group, which generated sales of over EUR350 million in 2014, employs over 6,000 people and serves more than 50 million passengers per year.

With the support of HIG Capital, Aviapartner will accelerate its growth and development strategy, notably through acquisitions and by expanding its operations in other European countries and in the fast-growing African market. HIG Capital has substantial operating, strategic and financial experience, enabling it to contribute meaningfully to companies actively looking for build-up opportunities and facing strategical changes.

Aviapartner's shareholders and managers share the same goal of driving the Group's sustainable and international growth in order to consolidate its leading position in the European market and pursue its development outside of Europe.

Olivier Boyadjian, Managing Director of HIG Capital in Europe, says: "HIG Capital is proud to become Aviapartner's main shareholder alongside its Chairman Laurent Levaux. Our common ambition is to help Aviapartner consolidate its European leadership through new acquisitions and the development of new services. HIG Capital's experience in assisting companies undergoing structural changes will be a key advantage to support Aviapartner in its expansion strategy."

Laurent Levaux, Chairman of Aviapartner, says: "Aviapartner is delighted by the arrival of a new major shareholder such as HIG Capital. Their experience will allow Aviapartner to benefit from the financing means necessary to implement its growth strategy and consolidate its leadership in the ground handling services market. We have already earmarked several external growth opportunities which will enable Aviapartner to extend its network beyond the 27 airports currently served by the Group."

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