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.