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Contact: Karen C. Cook |
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Seabury Group Completes M&A Transaction for Futura Airways NEW YORK, October 17, 2007 -- Seabury Group today announced that it completed its role as financial advisor to Futura Airways, S.A., the Spanish charter airline, in an M&A transaction involving the sale of Futura to UK-based private equity firm Hutton Collins. Seabury teamed with Spanish investment bank Atlas Capital in the transaction. Futura Airways is the largest independently owned charter operator in Europe, providing passenger airline services to European, US and South American tour operators. With a current fleet of 24 Boeing 737 aircraft, Futura had revenue in 2006 of Euro 288 million (approximately US $412 million). The selling shareholders were the Spanish private equity firm Corpfin Capital, AerLingus, and the Futura management team, which reinvested along with Hutton Collins. “This transaction is representative of Seabury’s expansion in Europe and our work with non-US-based airline companies, and it underscores our commitment to continued growth in Europe, the Middle East and Africa,” said John E. Luth, chairman, president and CEO of Seabury Group. Seabury Group is the leading independent transportation-focused investment banking and advisory firm serving aviation, aerospace, cargo and maritime on a global basis, in three different areas: investment banking, corporate recovery/restructuring and a broad range of management consulting services. The company's professionals have advised over 100 clients worldwide in the airline, aerospace, cargo/logistics and maritime sectors, as well as private equity investors interested in those sectors. Seabury has led or been a significant participant in seven of the 10 largest airline financial or operational turnarounds around the globe in the last 15 years. For more information, please see: http://www.seaburygroup.com | |
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