Private aviation company Flexjet has closed an $800 million equity investment from a consortium of strategic investors led by investment firm L Catterton, with participation from affiliates of KSL Capital Partners and the J. Safra Group.
The investment will support the company's ambitions to create a more “bespoke experience” for the private aviation experience.
“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,” commented Kenn Ricci, Flexjet’s chairman.
“Flexjet epitomizes our category-first approach and, although they are celebrating their 30thanniversary this year, their history is one of never settling in pursuit of thoughtful innovation to best fulfil the desires of the consumers within their unique and exciting marketplace,” said Scott Dahnke, hlobal CEO of L Catterton.
Jefferies, Morgan Stanley, and Goldman Sachs acted as co-advisors to Flexjet.
Gibson Dunn advised L Catterton on the investment.
