BELGRAVIA & CO., an international and independent M&A and Corporate Finance advisory firm with offices in Cologne and New York City, exclusively advised the founder and sole owner of Air Alliance Group (“Air Alliance”, www.air-alliance.de/en), Mr. Wolfgang Krombach, on the sale of a majority of the Air Alliance shares to DPE Deutsche Private Equity (“DPE”, www.dpe.de/en). Mr. Krombach will remain Air Alliance’s CEO and will retain a significant shareholding in Air Alliance.
Headquartered at Siegerland airport in Germany, Air Alliance Group is a leading integrated service provider for the international airline business, with services including aircraft sales, charter services, maintenance, repair & overhaul (MRO) as well as global ambulance flights. Air Alliance employs more than 130 staff across its international business locations in Siegerland, Cologne, Vienna and Birmingham.
Air Alliance is a certified aircraft dealer for Pilatus, Diamond and Gulfstream and was recently awarded „Air Ambulance Provider of the Year 2017“.
DPE intends to continue Air Alliance’s growth in close co-operation with Mr. Krombach.
The closing of the transaction is subject to approval by the German cartel authorities, among others. The parties have agreed not to disclose any information on the purchase price.
BELGRAVIA & CO. acted as exclusive financial advisor to founder Wolfgang Krombach.