As financial adviser, Dial Partners has supported Gama Aviation to develop and execute its strategy through a series of successful transactions in recent months, culminating in the announced tender offer to shareholders and delisting from the London Stock Exchange’s Alternative Investment Market (AIM).

As announced on 1^st March 2024, Dial Partners advised Gama Aviation on an agreement between the three major shareholders for Hutchison Capital Holdings Limited to tender all of their shares and Marwan Khalek and Bermesico Holdings Limited to undertake not to tender their shares. This agreement was a key factor in enabling Gama Aviation to increase the size of the tender offer such that all shareholders could participate without any scaling back.

Delisting from AIM allows Gama Aviation to realise permanent cost savings and will free management time; both key factors in allowing the Company to focus on executing its strategy.

Dial Partners also advised Gama Aviation on its previously announced transactions as part of this strategy, including:

• The sale of Jet East in October 2023
• The acquisition of Specialist Aviation Services in February 2024

Sandor de Jasay, Managing Director at Dial Partners, said: “Working with Marwan Khalek and his team at Gama Aviation on a third deal in less than a year reinforces the reputation of Dial Partners as one of the leading financial advisers for the aviation sector. We understand the needs of aviation businesses and can confidently advise leaders to manage their assets and execute their strategies effectively. We are excited to continue our work with Gama Aviation and look forward to supporting their growth opportunities over the coming years.”

The Dial Partners team was led by Angus Russell and Sandor de Jasay, with support from Joel Whittemore.