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Dial Partners supports Gama Aviation Plc on £32.6m return of capital through a tender offer and AIM delisting

Apr 29, 2024

Gama Aviation has today communicated to its shareholders a proposed return of up to £32.6 million and the cancellation of public trading in its shares to be considered at its General Meeting in May.



As financial adviser, Dial Partners has supported Gama Aviation to develop and execute its strategy through a series of successful transactions in recent months, culminating in the announced tender offer to shareholders and delisting from the London Stock Exchange’s Alternative Investment Market (AIM).


As announced on 1st March 2024, Dial Partners advised Gama Aviation on an agreement between the three major shareholders for Hutchison Capital Holdings Limited to tender all of their shares and Marwan Khalek and Bermesico Holdings Limited to undertake not to tender their shares. This agreement was a key factor in enabling Gama Aviation to increase the size of the tender offer such that all shareholders could participate without any scaling back.


Delisting from AIM allows Gama Aviation to realise permanent cost savings and will free management time; both key factors in allowing the Company to focus on executing its strategy.


Dial Partners also advised Gama Aviation on its previously announced transactions as part of this strategy, including:

  • The sale of Jet East in October 2023
  • The acquisition of Specialist Aviation Services in February 2024


Sandor de Jasay, Managing Director at Dial Partners, said: “Working with Marwan Khalek and his team at Gama Aviation on a third deal in less than a year reinforces the reputation of Dial Partners as one of the leading financial advisers for the aviation sector. We understand the needs of aviation businesses and can confidently advise leaders to manage their assets and execute their strategies effectively. We are excited to continue our work with Gama Aviation and look forward to supporting their growth opportunities over the coming years.”


The Dial Partners team was led by Angus Russell and Sandor de Jasay, with support from Joel Whittemore.

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Dial Partners advises Gama Aviation in its acquisition of Specialist Aviation Services

by JoelWhittemore • 02 Feb, 2024
Dial Partners, Clairfield International’s partner office in London, has advised Gama Aviation Plc on the acquisition of Specialist Aviation Services.

Dial Partners London welcomes Rand Merchant Bank (RMB) into its new partnership with Clairfield International

by Jonathan Taee • 19 Jan, 2024
Dial Partners in London is delighted to highlight the partnership between Rand Merchant Bank (RMB) and Clairfield International, officially announced on January 19th, 2024, in Johannesburg and Geneva. Dial Partners, as a partner firm of Clairfield International, is thrilled to be a part of this collaboration, which signifies a shared commitment to global expansion and the provision of high-quality corporate finance advisory solutions for our clients. The Dial Partners London team is already working closely with the RMB team to open doors for RMB and its corporate clients into the important UK market, where our expertise and local knowledge play a crucial role in facilitating corporate transactions. This partnership will also position RMB as the gateway for Dial Partners clients to access South Africa, Nigeria, and the broader sub-Saharan African market. With RMB's unrivaled track record in corporate finance advisory in sub-Saharan Africa, consistently ranking at the top of league tables in South Africa and Nigeria, we are confident that our clients will now have unparalleled access to opportunities in this region. We are optimistic about the long-term growth prospects in Africa. The demand for infrastructure, rapid urbanisation, and technological advancements present significant business opportunities across the continent. By collaborating with RMB's extensive corporate finance team on the ground, we can expand our advisory services for clients throughout sub-Saharan Africa. Dial Partners, as a partner firm of Clairfield International, advises entrepreneurs, multinational corporations, and financial investors on M&A and other corporate finance solutions. With over 30 country teams worldwide, we excel in cross-border situations. Clairfield International Partner firms have successfully completed 780 transactions totaling EUR 30 billion in disclosed deal value over the past five years. To learn more about the partnership with RMB and the exciting prospects it brings, visit Clairfield.com .
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