<article>Australian flight training school Soar Aviation has sold a 50 per cent stake in the company to local private equity firm <a href="https://www.dealstreetasia.com/tag/The-Growth-Fund/">The Growth Fund</a> (TGF), according to a <a href="http://australianaviation.com.au/2018/07/soar-aviation-sells-50-stake-to-private-equity-firm/">report</a> by Australian Aviation.</article>

Australian flight training school Soar Aviation has sold a 50 per cent stake in the company to local private equity firm <a href="https://www.dealstreetasia.com/tag/The-Growth-Fund/">The Growth Fund</a> (TGF), according to a <a href="http://australianaviation.com.au/2018/07/soar-aviation-sells-50-stake-to-private-equity-firm/">report</a> by Australian Aviation.
Founded in 2012 as Bendigo Aviation Services, Soar Aviation offers a diploma in aviation courses and other flying courses in partnership with the Box Hill Institute and currently has campuses at Moorabbin Airport in Melbourne, Bendigo Airport in regional Victoria and Sydney’s Bankstown Airport.
According to Soar Aviation founder and chief executive Neel Khokhani, the investment from The Growth Fund will be used to fund the company’s expansion plans both locally and overseas.
“Australia trains the fourth-largest number of commercial pilots in the world and our flight training is highly regarded internationally. There is a clear opportunity for Australian schools to capture some of that demand and I see Soar playing a big part in that,” Khokhani said.
“In TGF, we’re delighted to have attracted a partner that sees this growth opportunity and shares our vision for realising it.”
The Growth Fund, formerly known as Archer Growth, is a private equity firm that invests in businesses headquartered in Australia or New Zealand with an enterprise value of up to $200 million. It claims to industry agnostic, with the exception of property and direct commodity exposures.
TGF’s previous investment in the aviation sector was in the form of helicopter operator Australian Helicopter which it backed in 2008, before exiting two years later.
The firm’s current portfolio includes software company Planit, medical device distributor Obex and cosmetic firm Laser Clinic Australia.
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According to Soar Aviation founder and chief executive Neel Khokhani, the investment from The Growth Fund will be used to fund the company’s expansion plans both locally and overseas.

Australia's The Growth Fund buys 50% stake in flight school Soar Aviation

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Australia's The Growth Fund buys 50% stake in flight school Soar Aviation

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