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Maddocks has advised the founder of Australia's largest private pilot training school on the group’s 50 per cent sale to The Growth Fund.
Firm: Maddocks (founders of Soar Aviation)
Value: Undisclosed
Area: M&A
Key players: The Maddocks team advising on the matter was partner Greg Hipwell, senior associates Elizabeth Lilley and Viviane Karoumbalis and lawyer Jessica Leppert.
Deal significance: Soar Aviation was founded in 2012 by current CEO Neel Khokhani. It now has more than 50 instructors and 43 planes based at three airport campuses: Moorabbin Airport and Bendigo Airport in Victoria and Bankstown Airport in NSW.
Soar Aviation partners with the Box Hill Institute to provide the theoretical component of its flight training courses, as well as access to student funding, according to a statement from Maddocks.
Commenting further on the transaction, Maddocks partner Greg Hipwell said the firm was “perfectly placed to assist Mr Khokhani and Soar Aviation with this matter”.
“Maddocks has an established history of working closely with founders who are looking either to exit or bring investors into their business, as well a strong focus on the education sector,” Mr Hipwell said.
"We recently acted for the founders of the Manly Fast Ferry on their divestment of the company to NRMA, the founders of Camp Australia on their sale to Bain Capital and for Swinburne University of Technology on the sale of 30 per cent of its stake in Online Education Services to SEEK.
“We are very pleased to have assisted Soar Aviation on this strategic move to continue to grow the business.”
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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