US Edition
LVMH And Arnault Join Private Jet Fray Via $800 Million Flexjet Investment
RICHMOND HEIGHTS, OHIO, UNITED STATES, JUL 21 – L Catterton's $800 million investment secures a 20% stake in Flexjet to enhance infrastructure and expand its fleet beyond 318 aircraft, amid a 13% market growth in private jets.
- An $800 million equity infusion from LVMH affiliate secured a 20% stake in Flexjet this morning, backing L Catterton's investment.
- The luxury sector’s shift into experiential offerings prompted the investment, reflecting increased spending by wealthy consumers on travel and events.
- The consortium included KSL Capital Partners, J. Safra Group, and advised by Jefferies, Morgan Stanley, and Goldman Sachs, highlighting Flexjet's infrastructure with 11 private terminals, including London Farnborough expected early next year.
- Kenn Ricci said, `L Catterton, with its special relationship with LVMH and its family of brands, provides the perfect opportunity for collaborating in areas such as consumer insights, brand strategies, retail expansion, and luxury product delivery.`
- Updating forecasts, the company anticipates significant growth in fleet and earnings next year, with fleet expected to reach 340 aircraft and EBITDA projected at $425 million in 2025.
17 Articles
17 Articles
Bernard Arnault’s Private Equity Firm Leads $800 Million Investment in Flexjet
L Catterton, the private equity firm backed by French billionaire Bernard Arnault, led a $800 million equity investment in Flexjet, as demand for private jet travel around the world continues to surge.
LVMH-backed investor group takes 20% stake in private jet company FlexJet - Overpasses For America
A FlexJet Gulfstream G450 airplane approaches San Diego International Airport for a landing on May 9, 2025 in San Diego, California. Kevin Carter | Getty Images News | Getty Images An investment group led by LVMH’s private equity arm is buying 20% of private jet company FlexJet, marking the latest push by the luxury industry to expand into travel. L Catterton, the private equity firm backed French luxury giant LVMH, is leading an $800 million i…
NBC Chicago
LVMH-backed investor group takes 20% stake in private jet company Flexjet
The deal highlights the luxury industry’s rapid expansion into the experience economy as wealthy consumers increase spending on travel, dining and events.
Flexjet valued at $4bn following $800m funding round led by L Catterton
Private aviation specialist Flexjet has secured $800m in a new financing round led by L Catterton, the private equity firm backed by luxury giant LVMH, propelling the company’s valuation to $4bn, according to a report by Reuters. This comes just two years after a planned SPAC merger with Todd Boehly’s Horizon Acquisition II unravelled. The fresh capital injection underscores a broader trend of companies opting to stay private, seeking to maintai…
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