Air Partner announced the acquisition of Redline Worldwide last week. Redline is a leading global aviation security services business, which provides training, quality assurance and consultancy as well as software services. The total consideration was £10.0m, representing a Mar. ’19 EV/EBITDA multiple of 12.5x. We have incorporated the acquisition into our forecasts, increasing our FY21 PBT forecast by 14% (first full year of ownership). The acquisition is transformative for the Group, significa ....
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Transformative acquisition
- Published:
17 Dec 2019 -
Author:
Greg Poulton -
Pages:
3
Air Partner announced the acquisition of Redline Worldwide last week. Redline is a leading global aviation security services business, which provides training, quality assurance and consultancy as well as software services. The total consideration was £10.0m, representing a Mar. ’19 EV/EBITDA multiple of 12.5x. We have incorporated the acquisition into our forecasts, increasing our FY21 PBT forecast by 14% (first full year of ownership). The acquisition is transformative for the Group, significa ....