Deals in 2010
Sold to ENEX Aviation SA
ICON advises global aerospace company AVISA on its sale to Luxembourg based ENEX Group SA.
AVISA have offices in the UK, Eastern Europe, Asia and the Middle East. The business was founded in 2004 and has grown significantly to include the following blue chip clients: BA, BAE Systems, EasyJet, Honeywell, Ministry of Defence, QinetiQ, Westland Helicopters, Ryanair, The Civil Aviation Authority, Gulf Air, FlyDubai, Eithad Airways and Al Jaber Group.
ENEX Group SA is focused on acquiring and supporting the development of entrepreneurial fast growth companies. Following its significantly strengthened reputation as one of the world’s leading providers of aviation safety services over the last year the AVISA Group is set to play a key role in ENEX Group SA’s plans.
Commenting on the sale, Justin Goatcher, CEO & Founder of AVISA said: “We are extremely pleased to have acquired the backing of ENEX Group SA. Their participation will allow us to increase the capability and capacity of our current services and pursue growth and expansion as we move forward. In the longer term both current and new clients will benefit as we now have a commitment to growth that is underpinned by strong financial backing. This will see AVISA strengthen its status as a world leading provider in aviation safety services."
Arthur Davis, Founder and CEO of ENEX Group SA. added: “We are pleased to have had the opportunity to acquire AVISA Group. We were very impressed with the quality of their management team and the growth opportunity the Company represents.”