Fund managers MML Keystone have acquired Sentica Partners’ holding in Coptersafety, making them the majority owner of the training provider. In a release announcing the deal, Coptersafety said the change in ownership will have no impact on either its existing business or management team composition – with the new investment being used to drive expansion both at its facility in Helsinki and elsewhere.
“We are delighted to welcome MML Keystone as our new partner,” said Hannu Marjoniemi, CEO and co-founder of Coptersafety. “Their experience backing asset-backed, essential services businesses and supporting international growth makes them an excellent fit for Coptersafety. This partnership will allow us to expand capacity, invest in additional simulators along with new locations and continue delivering the highest quality training to our customers worldwide.”
Coptersafety holds approvals from EASA, the FAA, the UK CAA and Transport Canada, as well as Civil Aviation Authority approvals.
Commenting on the deal, Sharand Maharaj, Co-Managing Partner of MML Keystone, said: “Coptersafety runs a scarce piece of safety infrastructure in European aviation: full-flight simulator training capacity on the helicopter types operators depend on for the most demanding missions. In a market where approvals are hard-won and capacity cannot be conjured overnight, Coptersafety has built a business with disciplined capacity economics and highly recurring demand. What stood out in diligence was outstanding and consistent operator respect for the training quality and the calibre of the team. We are excited to back management as they expand capacity in Helsinki and scale the business internationally.”
Image: Coptersafety
