CTC flying high in MBO with Inflexion
CTC Aviation Group Limited (“CTC”), the leading global airline training and pilot resource solutions company announced today (28 June 2012) that it has secured funding from Inflexion Private Equity to enable acceleration in its international growth plans through a management buyout.
The deal with Inflexion will see CTC expediting its growth into the worldwide market and - with the benefit of external funding - enable future investment in additional resources to satisfy the increasing requirement for the bespoke, premium quality training it provides.
The CTC executive team members all remain in place to continue building upon the impressive growth that the company has seen in recent years and to ensure that there is continuity in the company’s ethos and reputation for delivering the highest level of tailored services to its clients. Chris Clarke, the company’s founder, moves to the position of President of CTC Aviation Group Limited and Robert Clarke becomes Group CEO leading the operational and financial team of existing directors and senior management.
To further strengthen the CTC team going forward Yagnish Chotai, Senior Adviser to Inflexion and ex-Cinven Partner will join the board as non executive Chairman. Yagnish brings a wealth of experience to CTC; he is particularly skilled at helping strong teams maximise their potential and steering companies through international development.
Over the past 17 years CTC has grown from a small training organisation providing training for experienced pilots onto Boeing and Airbus aircraft types, into one of the world’s leading full service airline training organisations. The company caters for the whole range of airline pilot training requirements from ab initio pilot training through to the most advanced courses to achieve airline training captain examiner qualifications.
Rob Clarke, Group CEO of CTC, commented: “The industry has recently seen some consolidation and we are now even better placed to service the needs of our airline clients who demand not only the highest quality of training, but also a bespoke and personalised service. We are delighted to be partnering with the team at Inflexion, who share our vision and enthusiasm in providing world leading services and who, with their global network and significant experience, can help us grow faster and further within this exciting industry.”
John Hartz, Managing Partner of Inflexion Private Equity, commented: “CTC has grown strongly to become one of the world’s leading aviation training organisations. The company operates in a dynamic, growing market with particular opportunities in Asia where in China alone there are plans to open between 40 and 60 new airports in the next ten years. With the help of our portfolio support offices in the region, we look forward to working with CTC’s first class management team to accelerate its international operations.”
The CTC and Inflexion deal was completed on 21st June 2012. The financial terms of the transaction are not disclosed.
Article created on: June 28 2012