We provided advisory services to 2Excel Aviation Limited (2Excel), a fast growing and innovative aviation services firm with operations at multiple air fields throughout the UK.
2Excel provides a wide range of contract air services to a range of clients including a consortium of blue chip oil and gas companies, the Home Office, MoD, defence industrial base and blue-chip companies. Services are offered throughout Europe and the European continental shelf from UK airports.
The Beechbrook facility provides 2Excel with the ability to fulfil additional contracts by acquiring and modifying aircraft to provide innovative solutions and perform complex aeronautical tasks.
We advised 2Excel throughout the process from inception to completion. Equity funding was initially 2Excel’s preferred form of funding, however the work performed by us revealed that a private debt package was more suitable.
As the advisor, we assisted 2Excel in preparing information, approaching an approved list of potential funders, leading negotiations, co-ordinating with our due diligence and project managing the transaction to completion within the agreed timetable.
We approached a carefully selected group of private debt providers to obtain and negotiate optimal offers for the facility.
The complex nature of the work undertaken by 2Excel required the team to work closely with management and potential private debt providers to ensure that all parties to the transaction had a depth of understanding for the business and the funding requirement.
Our extensive experience in raising private debt facilities has resulted in a solution that facilitates the growth ambitions of 2Excel at a significantly lower cost than the equity option initially investigated.
Grant Thornton understood our business, values and objectives from the start and were able to combine their experience in the aviation sector with their exceptional knowledge of the funding market in order to provide us with a range of options. The team kept our fund raising process narrow and competitive which resulted in a funding facility that meets our needs from a provider that understands our business and goals. I would highly recommend them to anyone looking for high-quality advisors.
Andy Offer OBE CEO, 2Excel Aviation Limited
