Veronis Suhler Stevenson (VSS) Invests in Navtech, Inc.
A global leader in flight operations software and tools for the commercial aviation industry
Posted: June 10, 2013
NEW YORK – Veronis Suhler Stevenson (VSS), a global private investment firm focused on the information, education, media, marketing and business services industries, today announced that it has made an investment in Navtech, Inc. (“Navtech”), a global leader in flight operations software and tools for the commercial aviation industry. VSS’s investment was made through its second structured capital fund, VSS Structured Capital II.
Navtech, headquartered in Waterloo, Canada with offices in London and Stockholm, serves over 350 aviation customers around the world with high-quality, mission-critical aeronautical products and services including aeronautical charts, navigational data and flight planning, aircraft performance and crew planning solutions. The company is one of only three businesses with a comprehensive aviation charts portfolio and navigational data platform.
“We believe that Navtech’s state of the art, SaaS applications are well positioned to help airlines increase safety, maximize efficiency, and reduce operating costs,” said David Bainbridge, Partner, VSS Structured Capital Funds. “With its recently upgraded product portfolio, the company will continue to capture global market share and lead the development of an electronic flight bag solution.”
“VSS is pleased to partner with Cambridge Information Group, a well-established family business that has years of experience in the information services industry,” said Hal Greenberg, Partner, VSS Structured Capital Funds. “We have very similar investment philosophies and industry focuses and we look forward to helping them expand this platform.”
About Navtech, Inc.
Navtech, Inc. provides integrated flight operations solutions to commercial airlines, cargo carriers, general aviation and others. Used by more than 350 airline and aviation services organizations, Navtech’s products and services enable commercial passenger and cargo air carriers to increase safety, maximize efficiency, comply with complex national and international safety regulations, and reduce costs in their daily flight operations. Navtech’s goal is to set the new benchmarks for inspired product delivery and customer service. Many of Navtech’s products can be configured as part of an Electronic Flight Bag solution, including take-off data calculation, weight and balance, and aeronautical charts. See www.navtech.aero.
About Veronis Suhler Stevenson
Veronis Suhler Stevenson is a private equity and debt capital fund management company dedicated to investing in the business services, information, education, media, and marketing industries in North America and Europe. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to lower middle-market companies and management teams with a goal to build companies both organically and through a focused add-on acquisition program.
Since the closing of the first VSS Buyout Fund in 1987, VSS has managed four Buyout Funds and two Structured Capital Funds with initial capital commitments in excess of $3.1 billion. The six funds have to date invested approximately $2.8 billion in 73 portfolio companies which have in turn completed over 320 add-on acquisitions. The company’s website is www.vss.com.
About Cambridge Information Group (CIG)
Cambridge Information Group is a family owned management and investment firm, primarily focused on information services, education and technology. CIG has been investing in and building companies for long-term success for over 40 years. The executive team completed over 30 acquisitions in the last ten years including the acquisition of ProQuest Information and Learning in February 2007. Currently, the CIG family of companies employs more than 2,100 people in 26 countries. The company’s website is www.cig.com.
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Veronis Suhler Stevenson