Gestair has been acquired by GPF Capital

Nazca Capital, a leading independent mid-market private equity firm, has sold Gestair to GPF Capital.

Founded in Madrid in 1977, Gestair is the leading provider of executive aviation services in Spain. It was the first company in the country specialized in providing a full range of services, operation and management of business jets. In 2006, Gestair expanded its operations in order to offer maintenance services to business jets and has since become the operator with the widest portfolio of maintenance services in Europe, with the technical capacity to maintain 90% of the business jets available in the global market.

GPF Capital manages US$280 million of capital between GPF Capital I and GPF Capital II to invest in Spanish entities. With this acquisition, GPF Capital will support a new strategic plan for Gestair which will maintain, strengthen and expand the management, operation and maintenance services in Spain, will increase the company's capacity by opening a second hangar in Madrid and will develop the Gestair brand in Europe and Latin America.

Oaklins’ team in Spain acted as the exclusive financial advisor to Nazca Capital and advised on all aspects of the design, negotiation and closing of the transaction.