Dial Partners advises Gama Aviation on delisting from AIM

Private jet company Gama Aviation has confirmed plans to delist from the London Stock Exchange’s junior AIM market, in a deal that is being advised on by specialist M&A consultancy Dial Partners.

The Farnborough-based aviation firm said in a statement that it has considered the “benefits and drawbacks” of the listing and had decided “de-listing is in the best interests” of the company and its shareholders.

“The costs associated with maintaining the AIM quotation are considered by the directors to be disproportionately high when compared to the benefits, and the board believes that these funds could be better utilised,” Gama Aviation stated.

Gama Aviation expects to delist from the London Stock Exchange on May 30, adding to the flood of exits from the bourse in recent weeks.

According to data from investment bank Peel Hunt, around £60 billion worth of companies have confirmed plans to leave the London Stock Exchange so far this year. The London Stock Exchange’s main market has also been hit by a flurry of exits, including cybersecurity darling Darktrace which has been acquired by a US private equity firm.

Gama Aviation’s delisting has been realised through a recent agreement between the three major shareholders. Shareholder approval for the return to private hands will be received at its annual general meeting on May 15.

London-based M&A consultancy Dial Partners supported the three-way agreement as financial adviser, providing financial advisory and dealmaking services. The consulting firm had previously also worked with Gama Aviation on its acquisition of Specialist Aviation Services in February 2024, and the sale of its US-based maintenance division Jet East to West Star Aviation in October 2023.

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

Commenting on the project, Sandor de Jasay, Managing Director at Dial Partners, said: “Working with 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 are excited to continue our work with Gama Aviation and look forward to supporting their growth opportunities over the coming years.”