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Air Partner
£84.8m

Canaccord Genuity acts as Rule 3 Financial Adviser to Air Partner Plc on its £84.8m takeover by Wheels Up UK Limited

Canaccord Genuity is pleased to announce it has acted as Rule 3 Financial Adviser to Air Partner Plc (the “Company” or “Air Partner”) on its £84.8m takeover by Wheels Up UK Limited, a Company indirectly owned by Wheels Up Experience Inc, a NYSE listed provider of private aviation in the United States with a market capitalisation of c.$815m.

Founded in 1961, Air Partner is a global aviation services group providing aircraft charter and aviation safety & security solutions to industry, commerce, governments and private individuals, across civil and military organisations. The Group has two divisions: Air Partner Charter, comprising Group Charter, Private Jets, Freight and Specialist Services; and Air Partner Safety & Security, which comprises Baines Simmons, Redline Assured Security and Managed Services.

The all-cash offer at a price of 125 pence reflected at the time of announcement a premium of approximately 54.3 per cent. to Air Partner’s share price on the last practicable date, 43.6 per cent. to the 90-day VWAP and 44.5 per cent. to the 180-day VWAP. Air Partner expects to delist from Premium Segment of the London Stock Exchange on 4 April 2022. Canaccord Genuity has acted as Sole Broker and Financial Adviser to Air Partner since 2019.

Lead Transaction Banker

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