Gama Aviation Announces Strategic Acquisition of Charter Broker Hunt & Palmer
Gama Aviation is set to acquire the UK-based private jet charter brokerage, Hunt & Palmer, in a deal valued at £23.8 million ($30.3 million). This acquisition is a key part of Gama's strategy to expand its global charter and broking services. The company states the move will create a market-leading service in the business aviation sector. The transaction will be funded by an £18.5 million equity raise and a £10 million debt facility. The deal is subject to shareholder approval and is expected to be finalized in July 2024.
Official Source: https://www.corporatejetinvestor.com/news/gama-aviation-set-to-acquire-hunt-palmer/