Air transport provider Eliance secures €190 million investment from Infranity
In a significant move, Infranity, a Paris-based asset manager, has committed €190 million in financing to Eliance, a Spanish emergency air transport services provider. This investment comes two months after Swiss Life Asset Managers bought a controlling stake in Eliance.
Eliance, which operates a fleet of over 100 helicopters and fixed-wing aircraft, is mostly active in Spain and Italy, managing public contracts in emergency medical services, search and rescue, and firefighting. The investment aligns with Infranity's mandate and will ensure the sustainability of Eliance's operations, paving the way for future growth and innovation, according to Infranity's investment director, Georgios Tzimas.
Tzimas also mentioned Eliance's dedication to integrating ESG (Environmental, Social, and Governance) excellence across their operations.
The European market for emergency medical services is forecasted to grow between 3.1% to 4.5% annually, as per Swiss Life Asset Managers. On a global scale, the air ambulance market is expected to grow by approximately $6.77 billion between 2023 and 2028, at an annual compound growth rate of 10.05%, according to Technavio.
Infranity is owned by its three founders Philippe Benaroya, Alban de La Selle, and Gilles Lengaigne, who hold 49% of the company. Meanwhile, Infranity also controls the remaining portion of Infranity.
Elsewhere in the industry, SHIFT Invest has announced a €92 million first close of an impact fund. In the realm of shariah-compliant infrastructure, CFM and Argos Partners will manage a fund in Malaysia.
As the demand for emergency medical services continues to grow, it's clear that investments in this sector are poised for success. The future looks bright for companies like Eliance, as they continue to innovate and expand their operations.
Private equity firm Infranity, owned by its founders, has invested €190 million into Eliance, a Spanish emergency air transport services provider. This finance will support Eliance's commitment to ESG excellence, and aligns with Infranity's focus on real-estate and business investments. As Eliance grows, it may draw from pension funds seeking strong returns in emerging sectors, such as the European and global market for emergency medical services, which are projected to experience significant growth.
