Salazar Jackson Closes Nearly $23 Million Debt and Equity Financing Deal for Avenger Flight Group in Fort Lauderdale
September 1, 2016 Posted in Firm News
Linda Worton Jackson and Luis Salazar, Founding Partners of Miami-based law firm Salazar Jackson, LLP, closed a nearly $23 million debt and equity financing deal for Avenger Flight Group, Inc. (AFG). The deal included a $13 million equity financing and a $9.9 million credit facility. Salazar Jackson represented AFG, and Investors included Patriot Capital Partners, III, SBIC, from Baltimore and Seacoast Capital Partners, III, from Massachusetts, both major private equity players. The credit facility was made by City National Bank of Florida.
Based in Fort Lauderdale, FLA., AFG provides full motion flight simulator training and services to civil aviation clients across North America with facilities in Fort Lauderdale, FLA., Las Vegas, Mexico City, and Dallas. The Company offers customers access to training centers, tailored to meet specific customer needs.
“This second stage of the deal is the final financing for the Company,” said Ms. Worton Jackson. “This deal not only enables Avenger Flight Group to continue its expansion but it strengthens South Florida’s role as the training ground for the airline industry.”
About Salazar Jackson LLP
Salazar Jackson LLP (http://www.salazarjackson.com) is a Miami-based firm that serves individuals and businesses seeking to seize financial or business opportunities through real estate ventures, startups, mergers, acquisitions and divestitures as well as those facing financial crisis, complex commercial litigation or government investigations. They represent clients in matters throughout the country.