-

Eldridge Industries Celebrates Flexjet’s Milestone Equity Investment

NEW YORK--(BUSINESS WIRE)--Eldridge Industries congratulates Flexjet, a global leader in private aviation, on the $800 million equity investment from a group led by L Catterton, a market-leading consumer-focused investment firm, with participation from KSL Capital Partners, LLC and the J. Safra Group.

Eldridge Industries, an owner in Flexjet since 2013, has supported the company as it captures market share in the large and accelerating private aviation market. Flexjet’s global network, partnerships with leading lifestyle brands, extensive fleet, and proprietary technology have contributed to its significant growth.

“When we first invested in Kenn and his team at Flexjet over a decade ago, we saw a tremendous company with a proven management team and significant potential upside. The business delivers the truly bespoke travel experience that the luxury market seeks; one based on the deep understanding of maximizing its clients’ time,” said Todd Boehly, Co-founder, Chairman and CEO, Eldridge Industries and Chairman of Eldridge. “As luxury customers continue to choose high-end experiences, Flexjet is the leader in providing unrivaled service to its clients as they enjoy the most cutting-edge fleet of aircraft in the market.”

Flexjet first entered the fractional jet ownership market in 1995 and is celebrating its 30th anniversary.

About Eldridge Industries

Eldridge Industries invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media & Music, Real Estate, and Consumer landscapes. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge Industries has offices in Miami, Greenwich, Beverly Hills, New York, and London. To learn more about Eldridge Industries, please visit eldridgeind.com.

Contacts

Eldridge Industries Contact
Nadia Damouni
ndamouni@prosek.com
646-818-9217

Industry:

Eldridge Industries

Release Versions
English

Contacts

Eldridge Industries Contact
Nadia Damouni
ndamouni@prosek.com
646-818-9217

More News From Eldridge Industries

Eldridge Closes $120 Million Lease With Calumet

NEW YORK--(BUSINESS WIRE)--Eldridge Diversified Credit, the private, liquid, and asset-based credit investment strategy of Eldridge Capital Management (“Eldridge”), has announced the renewal and upsizing of its Shreveport, LA terminal lease facility with Calumet, Inc. (NASDAQ: CLMT) (“Calumet” or the “Company”). This transaction increases the assigned value of the subject terminal assets to $120 million and provides $80 million of net proceeds to Calumet to be used to reduce the Company’s outst...

Eldridge Capital Management Expands Capital Formation Group with Industry Veterans, Leo van den Thillart and Robert White

NEW YORK--(BUSINESS WIRE)--Eldridge Capital Management, an alternative investment firm and a division of Eldridge, has appointed Leo van den Thillart as Global Head of Capital Formation and Robert (“Bob”) White as Head of Capital Formation, Americas. The pair’s combined 50 years of experience will be pivotal to the expansion of Eldridge Capital Management’s global investor relationships and capital formation capabilities across key markets. Mr. van den Thillart and Mr. White join Eldridge Capit...

Eldridge Expands Actively Managed CLO ETF Suite with Launch of UCITS ETF

FRANKFURT, Germany--(BUSINESS WIRE)--Eldridge, an asset management and insurance holding company with approximately $74 billion in assets under management, today announced the expansion of its exchange-traded fund (“ETF”) offering with the launch of its first actively managed fixed income ETF in Europe: the Eldridge AAA CLO UCITS ETF (ticker: TAAA). TAAA draws on Eldridge’s structured credit capabilities and is designed to provide investors and allocators with a compelling investment option whe...
Back to Newsroom