Alcuin Capital Partners successfully exited its investment in Air Charter Service with a return of over 5x, showcasing the resilience and growth potential of the air charter industry in the UK.

Information on the Target

ACS (Air Charter Service) is a leading player in the air charter industry, renowned for its exceptional service and operational effectiveness. Under the guidance of founder Chris Leach, the company has expanded significantly since Alcuin's initial investment in 2016, establishing a strong presence in Europe, the Far East, and the USA with over 30 offices and more than 500 brokers.

Since the recapitalisation, ACS has experienced remarkable growth, with gross revenues surpassing £1.3 billion last year. Despite the challenges posed by the Covid-19 pandemic, ACS successfully leveraged its expertise in disaster-relief and evacuation flights, maintaining operational capacity while continuing to invest in technology and expanding its workforce.

Industry Overview in the Target’s Specific Country

The UK air charter industry is a critical segment of the aviation market, predominantly characterized by private equity firms and networked brokers. It provides flexible and custom travel solution