PPRuNe Forums - Babcock sells Spanish, Italian, Nordic emergency aviation

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gipsymagpie

20th Jul 2022 05:42

Babcock sells Spanish, Italian, Nordic emergency aviation

Babcock news flash
The UK, French, Canadian and Australian emergency aviation bits are being kept.

Variable Load

20th Jul 2022 06:37

Sold to a UK based "mid-market infrastructure investor", oh dear. Ironically when trying to view Ancala's website it simply times out.

[email protected]

20th Jul 2022 07:44

Asset strippers - stand by for job losses.

helihub

20th Jul 2022 09:34

And there's a little more here

Bolso

20th Jul 2022 10:33

David Lockwood has a history of this. Remember his time at Cobham was prepping for sale to Advent and its subsequent sell off of different parts of the business, and other companies before that. I wonder if that's the ultimate fate of Babcock, to be bought by a private equity firm of some description?

[email protected]

20th Jul 2022 15:02

Yes, I worked for Cobham at the time - seems to be his MO.

minigundiplomat

21st Jul 2022 09:15

That will improve Babcock’s TRIR immediately. The old INAER have a lot of prangs….

Rigga

23rd Jul 2022 23:00

Fairly cheap price! Is Babcock still desperate for money?

N707ZS

24th Jul 2022 17:01

Hopefully they take all of the miserable bureaucrat's with them from the Spanish operation.

zambonidriver

24th Jul 2022 18:14

Quote:

Babcock are also selling their onshore interests. Employees were told yesterday that Ancala Partners was buying Babcock operations in Italy, Spain, Portugal, Norway, Sweden and Finland. The deal is priced at €136.2 million Excluded are operations in UK, France, Canada and Australia, where Babcock also operates defence businesses. The disposed businesses operate 232 aircraft across 164 locations in the six countrie.

232 aircrafts for €136 mn ? Either these operations are massive loss makers or the numbers don't add up.

helihub

24th Jul 2022 19:13

Quote:

Originally Posted by zambonidriver (Post 11266981)

232 aircrafts for €136 mn ? Either these operations are massive loss makers or the numbers don't add up.

The value of a company depends on so many things, including assets (eg aircraft), liabilities (eg the leases most of those 232 on are), future profitability (eg if they have good operational contracts or whether they all expire next year) and so on. You don't calculate the value of a company based only the resale value of the aircraft.

zambonidriver

24th Jul 2022 20:45

You certainly have a point but this would imply that a huge part of the inventory is not actually owned (which is quite possible).

OvertHawk

25th Jul 2022 09:07

Quote:

Originally Posted by zambonidriver (Post 11267046)

You certainly have a point but this would imply that a huge part of the inventory is not actually owned (which is quite possible).

I'd say it is highly probable.

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