AirHelp Gains Major Backing from Abry Partners for Expansion
AirHelp Welcomes New Investment from Abry Partners
AirHelp Inc. is pleased to announce a significant minority investment from Abry Partners, a prominent North American private equity firm. This investment allows AirHelp to strengthen its operations and return capital to supportive shareholders, marking a pivotal moment in the company’s growth trajectory.
Championing Air Passenger Rights
With a strong commitment to advocating for air passenger rights, AirHelp has successfully assisted millions of travelers in securing compensation for flight disruptions over the years. The growing need for awareness of air passenger entitlements is crucial, especially as many individuals still lack knowledge of their rights. This fresh funding from Abry will enable AirHelp to continue its vital mission, ensuring passengers are fully informed and capable of claiming the compensation they rightfully deserve.
Strategic Growth and Opportunities
The partnership with Abry Partners is not just about financial backing; it represents a strategic alliance that will enhance AirHelp's capabilities in the United States market. Abry’s extensive experience in sectors such as insurance and communications will be instrumental in enabling AirHelp to explore new avenues for growth and innovation.
Insights from Leadership
Henrik Zillmer, the Founder and Chairman of AirHelp, reflects on the journey thus far, stating that a decade ago, they embarked on a mission to champion air passenger rights despite facing many challenges with no established model to follow. Through dedication and innovation, AirHelp has transformed this space, empowering countless travelers worldwide. The investment from Abry not only validates their mission but also accelerates their efforts to enhance services for all passengers.
Meanwhile, Tomasz Pawliszyn, CEO of AirHelp, expressed excitement about the collaboration, noting that Abry’s resources will be critical in furthering AirHelp’s objectives within the travel industry and ensuring that the company continues to reward its investors.
Abry Partners' Commitment
Abry Partners shared their enthusiasm regarding the investment, emphasizing the firm’s dedication to supporting AirHelp's mission to improve transparency and fairness in air travel. Such partnerships are essential in fostering growth and adding value for all parties involved.
Collaboration for Future Endeavors
In light of this transaction, AirHelp received significant advisory support from financial and legal experts. UBS AG London Branch acted as the exclusive financial advisor, while White & Case LLP and Piciocchi Legal PLLC provided vital legal counsel. Abry was equally supported by Nomura International plc and Kirkland & Ellis LLP, showcasing the strength of collaboration in the investment process.
About AirHelp Inc.
Founded in 2013, AirHelp has positioned itself as the leading air passenger rights organization in the world. The firm has been instrumental in helping travelers receive compensation for delayed or canceled flights and in advocating for enhanced legal rights for air passengers globally. With a focus on innovation and customer service, AirHelp continues to evolve within the industry.
The company is backed by several notable investors, including Nordic Eye, Khosla Ventures, and TempoCap, reflecting confidence in AirHelp's vision and effectiveness in the air passenger rights arena.
About Abry Partners
Established in 1989, Abry Partners is recognized as one of North America's most accomplished private equity investment firms. With a robust history of completing significant transactions across various sectors, Abry manages over $5 billion in capital, emphasizing a commitment to successful and strategic investments throughout its portfolio.
Frequently Asked Questions
What does AirHelp do?
AirHelp is dedicated to advocating for air passenger rights, helping travelers receive compensation for flight disruptions.
Why is the investment from Abry Partners significant?
This investment enhances AirHelp’s resources and capabilities, particularly in the US market, allowing for further growth and innovation.
How has AirHelp impacted air travel?
AirHelp has empowered millions of travelers by ensuring they understand their rights and receive compensation for issues like delayed or canceled flights.
Who are AirHelp's primary investors?
Notable investors include Nordic Eye, Khosla Ventures, and TempoCap, demonstrating confidence in AirHelp's mission and objectives.
What expertise does Abry Partners offer to AirHelp?
Abry Partners brings considerable experience in sectors such as insurance and business services, which will support AirHelp in expanding its market presence.
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