Private aviation leader Flexjet has secured an $800 million investment from a group led by L Catterton, with support from KSL Capital Partners and the J. Safra Group. This historic investment aims to enhance the private jet experience.
The funding will enhance Flexjet’s workforce, infrastructure, and fleet, catering to clients’ growing demand for larger aircraft and international flights. Flexjet strives to provide a personalized travel experience, offering access to exclusive destinations and luxury products.
Flexjet’s success comes from its control over key service elements, including the largest in-house maintenance network in private aviation, private terminals, and a Cabin Attendant Academy. The company currently operates 11 terminals, with another 11 planned, including one at London Farnborough set to open next year.
This investment will strengthen the partnership between Flexjet’s management and shareholders, while expanding access to luxury experiences through collaborations with brands such as Riva Yachts and Bentley Motors.
Advisors: Jefferies, Morgan Stanley and Goldman Sachs acted as co-advisors to Flexjet.
KEY QUOTES:
“L Catterton, with its special relationship with LVMH and its family of brands, provides the perfect opportunity for collaborating in areas such as consumer insights, brand strategies, retail expansion, and luxury product delivery.”
Kenn Ricci, Flexjet’s Chairman
“Flexjet epitomizes our category-first approach and, although they are celebrating their 30th anniversary this year, their history is one of never settling in pursuit of thoughtful innovation to best fulfill the desires of the consumers within their unique and exciting marketplace.”
Scott Dahnke, Global CEO of L Catterton, speaking on behalf of the consortium
