Stockholm (Sweden), 1 February 2016 – Funds advised by Triton (“Triton”) closed the sale of the Inflight Service Group (“IFS”), a leading travel retail specialist in the European market focused on airline retailing, to gategroup Holding AG (“gategroup”), a global provider of products, services and solutions related to passengers’ on-board experience. gategroup will acquire 100% ownership of IFS at an enterprise value of SEK 1.1 billion.
About Inflight Service
Founded in 1991, Inflight Service is the leading operator in the Nordic travel retail market, with strong presence in Eastern Europe and emerging presence in other European markets. Inflight Service is headquartered in Kista, Sweden.
The company is a leading travel retail specialist with revenues in excess of SEK 2 billion primarily focused on airline retailing, ferry retailing and the operation of airport shops alongside a small presence in wholesale and retail services.
About gategroup
gategroup is the leading independent global provider of products, services and solutions related to a passenger’s onboard experience.
About Triton Partners
Founded in 1997 and owned by its partners, Triton Partners is a leading European mid-market sector-specialist investor. Triton Partners focuses on investing in businesses that provide mission critical goods and services in its three core sectors of Business Services, Industrial Tech, and Healthcare.
Triton Partners has over 150 investment professionals and value creation experts across eleven offices and invests through three complementary “All Weather” strategies: Mid-Market Private Equity, Smaller Mid-Cap Private Equity, and Opportunistic Credit.