Quayle Munro Limited is pleased to announce that it has advised the shareholders of Ascend Worldwide, a leading provider of data, analytics and advisory services to the global aviation industry on its sale to Reed Business Information, part of Reed Elsevier, a world leading provider of professional information solutions in the Science, Medical, Legal and Risk and Business sectors.
Majority owned by Lloyds Development Capital, Ascend is one of the world’s principal providers of data, analytics and advisory services to investors in aerospace. Its global team advises on aviation investment strategies to maximise returns and generate proven investment results. For over four decades, Ascend has supplied the most reliable, trusted and up-to-date aviation industry information and insight available anywhere. Offerings include: aviation data; aircraft and engine valuations and appraisals; and advisory services. From financiers and lessors to aircraft manufacturers, operators and suppliers, the aviation industry relies on Ascend to help make informed decisions and capture new opportunities.
Tim Shortland, Managing Director, Quayle Munro said:“Ascend has established an enviable reputation for providing analytics, insight and data to the global aviation industry. Quayle Munro is delighted to have worked with Ascend and Lloyds Development Capital, continuing our unbeaten track record in the sector. We continue to see significant activity in the B2B data and analytics market, driven by growing demand for high quality, scaleable, vendor delivered solutions.”
Gehan Talwatte, CEO, Ascend Worldwide, said:“The process was expertly managed by Quayle Munro from start to finish. They quickly understood our business in meticulous detail and were extremely supportive of our team throughout. Quayle Munro demonstrated comprehensive knowledge of the key players in the media and technology sector which proved imperative to the smoothness of the process. Ascend is now prepared and excited for the next stage of its evolution together with the FlightGlobal team and as part of Reed Business Information.”
Yann Souillard, Investment Director, Lloyds Development Capital, said:“We turned to Quayle Munro because of their unparalleled experience in the B2B data sector. They have provided expert advice and guidance throughout the process, and were key to achieving a successful exit.”