LONDON—April 18, 2024— Crestline Investors (“Crestline”), a global alternative investment manager, announced today its sole backing of 2Excel Group in a growth and refinancing transaction led by the firm’s European Capital Solutions team.
Founded in 2005, 2Excel is one of the UK’s leading aerospace engineering companies and special mission operators. The company provides end-to-end specialist services that range from design, construction, testing and certification to mission-critical contracting of the company’s owned aircraft fleet. Powered by its distinct breadth of capabilities, 2Excel maintains a strong foothold in a highly-regulated market with significant barriers to entry.
“2Excel combines impressive capacity for innovation with its operational capability to create a high-quality aerospace business,” said Jonathan Redman, Managing Director at Crestline. “With its combination of outstanding people, scope for growth and contractually supported business model, 2Excel is precisely the kind of investment we seek for our capital at Crestline and we are excited by this new partnership.”
“We’ve started the new financial year with a host of opportunities to build on extremely solid foundations,” said Andy Offer, Co-Founder of 2Excel Aviation. “Crestline Europe is the right partner for the next phase of our growth strategy and this agreement will super-charge that, allowing us to continue to build value for all our stakeholders."
Crestline was advised by LAVA Advisory, PWC, CIL and Macfarlanes. 2Excel was advised by Grant Thornton and Irwin Mitchell.
About Crestline Investors
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is a global institutional investment management firm with approximately $18 billion of assets under management. The firm’s London-based affiliate Crestline Europe, LLP specializes in direct private capital investments in resilient industry sectors which are either asset backed or demonstrate defensive cash flow profile in developed markets of Europe. Crestline Investors, Inc. maintains affiliate offices in London, New York City, Toronto and Tokyo. For more information, please visit www.crestlineinvestors.com [crestlineinvestors.com]. This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorised and regulated by the Financial Conduct Authority (FCA).
About 2Excel
2Excel combines the ability to design, build, test and certify aircraft with the highly skilled aircrew, engineers and scientists to deliver nationally-critical contract-air services and exploit remotely-sensed data to provide valuable, actionable insights. The Company has unrivalled aerospace approvals and enviable credibility with the Regulator. 2Excel is an innovative aviation and aerospace services business working across a range of industries including defence and security, engineering and disaster response. Activity is organised around two business lines: 2Excel Aviation, which comprises Capability Development, Special Missions, Charter and Insight; and 2Excel Engineering, which is a Maintenance and Repair Organisation.
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorised and regulated by the Financial Conduct Authority (FCA). The material is not intended to be a formal research report and nothing in this presentation should be interpreted to state or imply that past results are an indication of future performance. Any opinions expressed herein are our current opinions only. There can be no assurance or guarantee that Crestline's investment strategy will achieve its stated goal. All information provided in this presentation is for informational purposes only Crestline accepts no liability for loss arising from the use of this material. In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FP Order”); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons.
