King & Wood Mallesons (KWM) has advised a fund managed by STAR Capital Partnership LLP (STAR Capital) on its investment in SkyFive AG (SkyFive), a leading provider of broadband In-Flight Connectivity services, as part of the company’s Series A investment round.
SkyFive, headquartered at the Ludwig Boelkow Aerospace and Security Campus in Munich, Germany, specializes in air-to-ground (A2G) solutions and services for the aviation market. SkyFive partners with mobile operators to deliver true broadband services to airline passengers, enables the massive real-time transfer of aircraft systems data, and provides stable and secure aerial coverage for public safety authorities and novel forms of Urban Air Mobility.
STAR Capital is a European private equity fund manager that was founded in 1999 with the goal of acquiring and developing asset-based businesses that provide an essential service to their customers. The company has previously invested very successfully in digital infrastructure and the aviation sector. The investment round was led by STAR Capital together with Safran Corporate Ventures, the venture capital arm of the international high-technology group Safran, which is operating in the aviation, defence and space markets.
The investment round enables SkyFive to accelerate its expansion into the global in-flight connectivity market and to continue the paradigm shift towards A2G based true broadband services that drive the digitization of airlines.
Advisors to STAR Capital Partnership LLP:
Markus Herz (Partner, Corporate/M&A), Rüdiger Knopf (Tax)