Aerocare
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In September 2011, Next Capital backed incumbent management in the buyout of Aero-Care, Australia’s largest independent provider of outsourced airport flight support services, including customer service, check-in, baggage handling, ramp handling and ancillary services (www.aerocare.com.au). It services major domestic and international airlines at numerous ports across Australia, typically under long term contracts.

Investment highlights included:

  • Exposure to long term market growth in aircraft movements, passenger numbers
  • Growing outsourcing trend, particularly for non-core functions
  • A track record of strong growth whilst maintaining high customer service levels at industry leading levels of productivity

Next Capital worked closely with the management team to create value by:

  • Successfully growing share by port and by customer
  • Focused on port economies of scale
  • Built critical mass for international work in major ports
  • Developed whole fo ground handling solutions to provide transformational change in customer’s cost abse
  • Acquired SkyCare (NZ) to diversity customer and geography
  • Bolstered the management team with the recruitment of a COO

Aero-Care was sold to a financial investor in July 2014.