On the 22nd of January 2020, a Geneva based Family Office signed an investment agreement with Novo Internet Ventures GmbH (‘NovoServe’), to provide growth capital to the group to support its development.

Headquartered in Doetinchem, Netherlands NovoServe is an Infrastructure-as-a-Service (‘IaaS’) hosting provider.

Barons Capital Partners initiated this transaction and advised and assisted the Geneva Based Family Office.

The financial terms of this transaction are confidential.

About NovoServe
Founded in 2015, NovoServe is an entrepreneurial and tech-oriented organization headquartered in the Netherlands. As a fast-growing company aiming for sustainable growth, NovoServe has nearly 3’000 physical servers and 20,000 virtual servers under management and a global network that exceeds 400 gigabit of available bandwidth – www.novoserve.com.

On the 24th of January 2020, Avia Solutions Group PLC of Cyprus signed an agreement with the shareholders of BB Holding ehf., Iceland, to acquire 100% of the shareholding in the cargo airline Bláfugl ehf. (Bluebird Nordic), subject to regulatory approval.

Headquartered in Reykjavik, Iceland, Bláfugl ehf (Bluebird Nordic) has operations in Europe and to-and-from North America.

Bláfugl ehf. (Bluebird Nordic) operates scheduled and charter flights under its own brand and operates cargo networks on behalf of major international customers, including express freight integrators. Bláfugl ehf. (Bluebird Nordic) has a fleet of 6 aircraft.

Barons Capital Partners initiated this transaction and advised and assisted BB Holding ehf. throughout all phases.

The financial terms of this transaction are confidential.

About BB Holding ehf.
BB Holding ehf. is an Icelandic holding company, with an aircraft leasing company subsidiary, based in Reykjavik.

Avia Solutions Group PLC
Avia Solutions Group (‘ASG’) is one of the largest aerospace business groups and is based in Central & Eastern Europe with 67 offices and production stations providing aviation services and solutions worldwide.

ASG unites an international team of professionals, providing state-of-the-art solutions to the aviation industry and beyond, including ACMI, Aircraft Leasing & Trading, Aviation Consulting Services, Aviation IT Services, Aviation Media & Events, Aviation Training & Personnel Resources, Business Aviation & VIP Airline, Cargo Aviation, Charter Broker, Flight Ops & Dispatch, Ground Handling, Fuelling & Transport, MRO for Aircraft & Helicopters, Railway Freight Transport, Time Critical Logistics and Tour Operating & Hotels – www.aviasg.com.

Avcorp Industries Inc., a Canadian publicly quoted company (TSX: AVP) (“Avcorp”), which was advised by Barons Financial Services (“BFS”) of Geneva, Switzerland and London, UK, has announced that Avcorp and its wholly-owned subsidiary Avcorp Composite Fabrication Inc. have reached a settlement with HITCO Carbon Composites Inc. (“HITCO”), SGL Carbon LLC, and SGL Carbon SE, quoted on the Frankfurt Stock Exchange (FRA: SGL) (collectively “SGL”), of all claims related to alleged deficiencies in HITCO’s non-destructive inspection processes, in exchange for the payment of an undisclosed settlement payment and mutual releases by the Avcorp Parties and SGL Parties.

Due to the confidentiality provisions contained within the Settlement Agreement, the other terms of the settlement are not being disclosed.

Barons Financial Services advised and assisted Avcorp in the negotiations.

On 21 December 2015, Avcorp acquired the assets and certain liabilities of the composite aerostructures division of SGL Carbon SE’s subsidiary, HITCO Carbon Composites Inc.

About Avcorp Industries Inc.
The Avcorp Group designs and builds major airframe structures for some of the world’s leading aircraft companies, including BAE Systems, Boeing, Bombardier, Lockheed Martin and Subaru Corporation. The Avcorp Group has more than 60 years of experience, over 700 skilled employees and 636,000 square feet of facilities.

On 13th of February 2019, the European fund manager STAR Capital Partnership LLP (“STAR”) signed an agreement with ASL Aviation Holdings DAC’s (“ASL”) shareholders, Compagnie Maritime Belge (51%) and 3P Air Freighters (49%), to acquire 100% of the shareholding in ASL, subject to regulatory approval.

Barons Financial Services initiated this transaction, and advised and assisted STAR throughout all phases.

The financial terms of this transaction are confidential.

Headquartered in Dublin, Ireland, ASL is a global aviation services provider with operations on 6 continents. The Group’s multiple airlines provide ASL with wide-ranging traffic rights and valuable slots at key airports across Europe, Asia and Africa. ASL’s airlines operate scheduled and charter flights under their own brands and operate passenger and cargo networks on behalf of major international customers, including express freight integrators and passenger airlines. In 2017 ASL’s airlines carried 3’283’928 passengers and 564’222 tonnes of freight on flights that totalled 202’080 hours. The group has 2’500 staff from 47 nationalities and a fleet of circa 130 aircraft.

About ASL Aviation Holdings DAC
ASL Aviation Holdings DAC (“ASL”) is a global aviation services provider headquartered in Swords, Dublin, Ireland. The Group has 4 European airlines; ASL Airlines Ireland based in Dublin, ASL Airlines Belgium, based in Liege, ASL Airlines France, based in Paris-CDG and ASL Airlines Hungary, based in Budapest. ASL also has an associate airline, Safair, in South Africa, that operates civilian “Hercules” aircraft on humanitarian missions in Africa. It also operates FlySafair, a leading low-cost domestic passenger airline based in Johannesburg. ASL also has a joint venture with cargo airlines in Thailand and India, as well as maintenance facilities in Switzerland and Belgium, and various aircraft leasing entities.

About STAR Capital Partnership LLP
STAR Capital Partnership LLP (“STAR”) is a private equity firm focused on building and developing businesses around strategic assets in Western Europe. Established in 1999, STAR looks for businesses or assets protected by a strong strategic position, located in Western Europe with enterprise value between €50 million and €1 billion. STAR is an independent partnership, owned and managed by the senior partners, with a structure that ensures the early involvement of the senior team, and a continued focus on key decisions in each portfolio company. STAR has rigorous protocols in place to address Environmental, Social and Governance (ESG) matters, and is a signatory to the United Nations Principles for Responsible Investment Initiative.

On 4th November 2014, telent Technology Services Limited (“telent”) based in the United Kingdom exchanged contracts and announced that they had agreed to purchase the business of Telindus (UK) based in the United Kingdom, from Belgacom, Belgium, and this was accepted by the seller.

The transaction was closed and the business of Telindus (UK) transferred on 1st December 2014. Adam Coxen of Barons Financial Services (UK) Ltd, London, United Kingdom, which is a subsidiary of Barons Financial Services SA, Geneva, Switzerland, initiated the transaction and advised telent.

The deal will significantly increase telent’s ability to deliver end-to-end ICT and IP networking solutions and the additional expertise in delivering Cisco and Juniper Networks solutions will strengthen its multi-vendor capabilities.

telent’s legal advisers on this transaction were Thomas Eggar, United Kingdom. telent’s financial advisers were Grant Thornton, United Kingdom.

On 19th December 2013, Intro Aviation GmbH based in Germany made a firm offer to purchase CityJet based in Ireland and its Belgian subsidiary VLM BV.

On 28th March 2014 Air France accepted the firm offer received in December 2013 from Intro Aviation GmbH to purchase CityJet and its VLM subsidiary.

The transaction was closed and the shares for CityJet & VLM transferred on 30th April 2014.

Air France and CityJet will pursue their commercial co-operation as part of a new industrial plan which foresees, in particular, the development of flights under the CityJet brand on departure from London City to European destinations, and CityJet continuing to operate flights on behalf of Air France on departure from Paris-CDG.

Intro’s legal advisers on this transaction were Matheson, Dublin, Ireland & BTU Group, Munich, Germany. Intro’s accountancy advisers were Ernst & Young, Dublin, Ireland.

Barons Financial Services based in Geneva, Switzerland with a subsidiary in London, UK initiated the transaction and advised Intro Aviation GmbH.

On 19th December 2013, Intro Aviation GmbH, based in Germany, made a firm offer to purchase CityJet, based in Ireland, and its Belgian subsidiary VLM BV.

This offer provides for ongoing commercial co-operation with Air France as part of a new industrial plan. Employee representative bodies of the various entities will be informed and consulted. The transaction is expected to close in the first quarter of 2014.

Barons Financial Services based in Geneva, Switzerland with a subsidiary in London, UK initiated the transaction and advised Intro Aviation GmbH.

Barons Financial Services initiated and acted as the adviser to Avio S.p.A. of Torino, Italy on its sale of the MRO business in respect of the Pratt and Whitney 100 engine series to Industria de Turbo Propulsores, S.A. (ITP) of Madrid, Spain.

Adria Airways d.d. (Adria), in consultation with its shareholders, has appointed BARONS FINANCIAL SERVICES, an advisory investment banking firm headquartered in Geneva with a subsidiary in London, as its financial advisor to assist in finding strategic partners and, or investors for Adria.

Barons Financial Services was founded 25 years ago and has advised on numerous airlines and associated transactions including the acquisition of British Airways’ German subsidiary dba (formerly “Deutsche BA”) by INTRO-Verwaltungs GmbH and the sale of the leading global ground handling company Swissport by Candover, a leading UK private equity fund.

The Slovenian national airline Adria Airways has a wealth of experience spanning over 51 years in charter and scheduled air traffic. Today the majority of Adria Airways business is in scheduled flights. Its network links Ljubljana with more than 18 cities throughout Europe and offers excellent connections to South East Europe. The company’s head office is at Ljubljana Jože Pučnik Airport. Adria Airways operates its flights with 13 aircrafts: one Airbus A320, two Airbus A319, four Canadair Regional Jet CRJ900, six Canadair Regional Jet CRJ200. In January 2010 Adria Airways became a full member of Star Alliance.

Avio, the international Italian based Group leader in aerospace propulsion, acquired Focaleng, a Brazilian company operating in military aeroengine MRO (Maintenance, Repair and Overhaul) business under the brand Focal Aviation ( www.focalaviation.com.br ). Focaleng, based in Rio de Janeiro, with a turnover of over 23 million Reais (10 million Euros) and 80 highly specialised employees, is a strategic company in the Brazilian defence sector, supporting aeroengines used by FAB – Força Aérea Brasileira, including the engine powering the Northrop F5E/F-Tiger fighters.

Through this acquisition, Avio – responsible since 2008 of the MRO and logistic support of the Spey engines that power the Brazilian AM-X fighter aircraft – further consolidates its role as FAB’s strategic partner and its presence in Brazil, as part of the international development strategy pursued in the last few years. The acquisition was made through Avio’s subsidiary Avio do Brasil Ltda.

Barons Financial Services of Geneva and London together with Baker & McKenzie Rio de Janeiro acted as advisers to Avio.

About Avio
Avio is an international group, leader in the aerospace sector, headquartered in Turin (Italy). Founded in 1908, it is present on 4 continents with commercial offices and 9 industrial production sites. It has about 5,200 employees, of which 4,500 work in Italy. Company revenues in 2010 were 1.75 billion Euros. The Group operates in the following business areas: Aeronautical; Space; MRO and Services; Aeroderivative Gas Turbines for Marine and Industrial use; Control & Automation Systems and Electrical Systems. It is active in the field of technological R&D through a network of laboratories located on Italian University campuses, and collaborates with 24 Italian and international universities and research centres.