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Vitruvian Partners backs OAG management in buyout from AXIO

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OVERVIEW

LONDON, UK, 16 February 2017 – Vitruvian Partners (“Vitruvian”) has acquired OAG Aviation Holdings Ltd (“OAG”), the global leader in aviation information and intelligence, from AXIO Group, an information business portfolio backed by funds under the management of Epiris Managers LLP.

OAG has grown to become the world’s leading provider of flight information (schedules and status) and related analytical tools. Its flight information databases hold future and historical flight details for over 900 airlines and more than 4,000 airports, providing unprecedented insight into scheduling and planning, flight status and day-of-travel updates, post-journey analysis and on-time performance.

OAG serves a wide range of customers across the travel sector including: airlines, airports and airport services providers, travel distribution players, government agencies, aircraft manufacturers, consultancies and corporate customers. It is headquartered in Luton in the UK, with global operations in the USA, Singapore, Japan and China.

Phil Callow, CEO of OAG, said:

“Over the last few years we have strengthened OAG by building the world’s most comprehensive flight status database, expanding our suite of analytical tools and launching a unique real-time flight schedule product. Vitruvian has a deep understanding of the travel market and a strong growth orientation. I am excited about the next phase of OAG’s growth and look forward to working with the Vitruvian team to build on our momentum.”

Ben Johnson, Partner at Vitruvian, added:

“OAG is an exceptional travel technology business demonstrating good growth in a fast-changing global travel market. At OAG, Phil and his team have overseen the transformation of OAG from its position as a trusted source of flight schedule information into a forward-thinking, mission-critical, subscription-based, global data and analytics company which has resulted in unprecedented growth in recent years. We are hugely excited about supporting the team’s ambitions for the next stage of growth and investing in new products and services to support its clients further.”

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OAG Press Release

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