STAR Capital to acquire Subsea Technology & Rentals
10 December 2024
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STAR Capital (“STAR”), a leading European fund manager, is pleased to announce that it has made an investment in SkyFive, a growing provider of high-performance inflight connectivity to the aviation industry.
SkyFive is one of the global market leaders in air-to-ground (“ATG”) broadband data connectivity technology and services. The company operates in a niche market with strong growth potential and high barriers to entry. Spun out of Nokia in 2019, the team benefits from extensive telecom and aviation industry knowledge and experience. SkyFive is currently expanding its advanced ATG network technologies and services, enabling true aircraft and airline digitization based on low latency broadband connectivity. The company’s ATG technology has been developed over the past ten years, is patented and already in use with a number of well-established European airlines connecting to the European Aviation Network which was built on SkyFive’s technology.
While the adoption of ATG is currently at an early stage, the business has the potential to benefit from strong growth and a high visibility of future earnings. These elements, combined with STAR’s experience of creating and developing long term strategic assets, make SkyFive an attractive platform from which to grow a new digital infrastructure service business.
STAR Capital has a successful track record in value generation and driving growth, typically investing in businesses focussed on strategic assets and holding a strong market position. This is the tenth investment by STAR’s €800 million Fund III.
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15th Floor, 33 Cavendish Square
London W1G 0PW
United Kingdom
Tel: +44 (0)20 7016 8500
e-mail: mail@star-capital.com
Important Notice: we have become aware that an organisation with a similar name has been targeting individuals in the UK through unsolicited calls to make cryptocurrency investments. Our firm, STAR Capital Partnership LLP, does not engage in this type of activity. Please see here for information on how to protect yourself from financial fraud and, if you have fallen victim to it, please report it to the UK Financial Conduct Authority by telephone or email: https://www.fca.org.uk/consumers/protect-yourself-scams.