Solace Capital, a U.S. private equity firm, has invested $60 million in equity in jet charter and aircraft management company Jet Edge International.
Jet Edge will use the cash secured to grow through acquisitions and organically, both in the U.S. and internationally.
U.S. investment bank Jefferies was the exclusive financial advisor to Jet Edge, while Michelman & Robinson were legal advisers and O’Melveny & Myers advised Solace Capital.
Jet Edge said that its new partnership with Solace Capital is about continuing its commitment to offering clients the highest levels of service and safety.