STAR Capital has made an investment in SkyFive
21 May 2021
STAR Capital (“STAR”), a leading European fund manager, is pleased to announce that it has made an investment in SkyFive, a growing provider of high-performance inflight connectivity to the aviation industry.
SkyFive is one of the global market leaders in air-to-ground (“ATG”) broadband data connectivity technology and services. The company operates in a niche market with strong growth potential and high barriers to entry. Spun out of Nokia in 2019, the team benefits from extensive telecom and aviation industry knowledge and experience. SkyFive is currently expanding its advanced ATG network technologies and services, enabling true aircraft and airline digitization based on low latency broadband connectivity. The company’s ATG technology has been developed over the past ten years, is patented and already in use with a number of well-established European airlines connecting to the European Aviation Network which was built on SkyFive’s technology.
While the adoption of ATG is currently at an early stage, the business has the potential to benefit from strong growth and a high visibility of future earnings. These elements, combined with STAR’s experience of creating and developing long term strategic assets, make SkyFive an attractive platform from which to grow a new digital infrastructure service business.
STAR Capital has a successful track record in value generation and driving growth, typically investing in businesses focussed on strategic assets and holding a strong market position. This is the tenth investment by STAR’s €800 million Fund III.