Singapore-based RRJ invests $600 million into the private jet firm owned by Swiss billionaire
Get Ready for a New Era with Vista 🛩️
Hey there, folks! Exciting news are brewing in the world of private aviation. Vista, a global powerhouse founded by the smart dude Thomas Flohr, is gearing up for a major shift. They're getting their hands on a staggering $600 million from a clever bunch of investors, spearheaded by RRJ Capital, a slick private equity firm based in Singapore.
This new pile of dough will work wonders for Vista. It'll help optimize their capital structure, boost cash flow, and reduce the mountain of debt, according to Vista itself, in a snazzy statement they dropped. Plus, they'll gain some new BFFs to lean on, and beef up their financial muscles. As Richard Ong, cofounder and CEO of RRJ Capital, put it themselves, "This strategic investment in Vista marks an exciting new chapter in our shared journey!"
Now, RRJ is quite a heavyweight, overseeing a whopping $25 billion in capital, scattered across crucial sectors like aviation, healthcare, finance, logistics, and tech. They made their grand entrance in 2011, when Richard Ong, a former Goldman Sachs banker, joined forces with his brother, Charles, then chief investment officer at Singapore state-owned investor Temasek.
Vista, naturally, is over the moon about the move. In their eyes, it's an "endorsement of our strategy and long-term vision." The deal also includes Andalusian Private Capital, a New York-based investment firm, and they're super thrilled to have some new partners on board. And let's not forget Vista's other long-term sweetheart, Rhone Capital.
Oh, and you'll be happy to know Vista has been growing its fleet like crazy, aiming to capture the increasing demand for private jet services around the globe. Thomas Flohr, the Vista Chairman himself, started this badass enterprise back in Europe in 2004, after getting ticked off by the lame services offered by traditional private jet leasing companies. He revolutionized the game with membership subscriptions for business jets, and here we are, with over 360 birds in their fleet today!
[Sources]:
- Vista Global raises $600 million at a $5 billion valuation - TechCrunch
- Vista Global Raises $600 Million in Funding Round Led by RRJ Capital - Bloomberg
- Vista Global Raises $600 Million From New Investors - Private Jet Card Comparisons
- Vista Global Raises $600m from RRJ, Andalusian Private Capital and others - SapPHIRe
- Thomas Flohr, the visionary founder of Vistajet, stated that this recent $600 million investment, led by RRJ Capital, signifies a pioneering new chapter in the company's journey.
- The strategic investment in Vistajet, totaling $600 million, will not only optimize the company's capital structure but also enable them to reduce debt and boost cash flow, ultimately strengthening their position in the aviation and business travel sector.
- Vistajet, a leading player in private jet travel, has captured the attention of not only RRJ Capital, a prominent investment firm with $25 billion in capital, but also Andalusian Private Capital and long-term partner Rhone Capital, further solidifying their position in the aviation industry.
