Air Partner has acquired Redline Worldwide Ltd, a leading global aviation security solutions and training company. The total consideration is up to £10.0m (£8.0m initial/£2.0m deferred) and is being funded by existing cash and debt facilities and the issue of £600k worth of new shares to the operational management shareholders within Redline. The business generated revenue of £6.5m and adj. EBITDA of £0.8m in the year to 31st March 2019. The total considera
12 Dec 2019
Acquisition accelerates diversification into Safety & Security
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Acquisition accelerates diversification into Safety & Security
- Published:
12 Dec 2019 -
Author:
Greg Poulton -
Pages:
4
Air Partner has acquired Redline Worldwide Ltd, a leading global aviation security solutions and training company. The total consideration is up to £10.0m (£8.0m initial/£2.0m deferred) and is being funded by existing cash and debt facilities and the issue of £600k worth of new shares to the operational management shareholders within Redline. The business generated revenue of £6.5m and adj. EBITDA of £0.8m in the year to 31st March 2019. The total considera