H.I.G. Capital

May 1, 2009 - 7:40am

Directional Capital, an investment firm led by Flight Options chairman and founder Kenn Ricci, private-equity firm Resilience Capital Partners and “key members” of the Flight Options management team, has made an additional investment in fractional provider Flight Options. HIG Capital, which acquired the Cleveland-based company in November 2007, remains a minority investor.

March 31, 2009 - 10:20am

Directional Capital and Resilience Capital Partners have increased their financial stake in fractional-share operator Flight Options and now own a majority of the company. Members of Flight Options’ management team also participated in the new investment. Directional Capital is headed by Kenn Ricci, chairman of Flight Options and also the company’s founder.

March 26, 2009 - 11:49am

Directional Capital, an investment firm led by Flight Options chairman Kenn Ricci, private-equity firm Resilience Capital Partners and “key members” of the Flight Options management team have made an additional investment in fractional provider Flight Options. H.I.G. Capital, which acquired the Cleveland-based company in November 2007, also remains an investor, but to what degree remained unknown at press time.

April 28, 2008 - 9:17am

Two new companies have invested in HIG Transport Holdings, the holding company that owns Cleveland-based fractional-share provider Flight Options. Resilience Capital Partners, based in Cleveland, and Directional Aviation Capital of nearby Richmond Heights now own a minority stake in HIG Transport Holdings.

April 22, 2008 - 12:24pm

Two new investors have invested in HIG Transport Holdings, the holding company that owns Cleveland-based fractional-share provider Flight Options. Resilience Capital Partners, based in Cleveland, and Directional Aviation Capital of nearby Richmond Heights now own a minority stake in HIG Transport Holdings.

December 27, 2007 - 9:32am

Flight Options on November 30 simultaneously announced its finalized acquisition by Miami-based private equity firm HIG Capital and an order for nearly $1 billion worth of Embraer Phenom 300 light jets. In a deal announced in late October, HIG bought the fractional provider from Raytheon for an undisclosed sum. According to an HIG Capital spokesman, there are no management changes planned at Flight Options.

December 4, 2007 - 11:54am

Flight Options late Friday simultaneously announced its finalized acquisition by Miami-based private equity firm H.I.G. Capital and an order for nearly $1 billion worth of Embraer Phenom 300 light jets. In a deal announced in late October, H.I.G bought the fractional provider from Raytheon Co. for an undisclosed sum. According to an H.I.G. Capital spokesman, there are no management changes planned at Flight Options.

 
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