IMAP Portugal advises RiverRock on the acquisition of an equity stake in Eliance Holding
Eliance is a leading provider of helicopter and fixed-wing emergency services in high social value areas such as firefighting, medical emergencies, search and rescue and engineering and maintenance
IMAP is pleased to announce that Invest Corporate Finance (IMAP Portugal) has acted as exclusive financial advisor to RiverRock on its acquisition of a large minority stake in Eliance, a Spanish leading provider of aerial emergency services.
RiverRock European Capital Partners LLP is an alternative asset management firm. Launched in 2018, RiverRock Brownfield Infrastructure Fund 1 specializes in the investment and management of equity participations in small and medium-sized operational government-related infrastructure projects located in the Euro area.
Eliance is a leading provider of helicopter and fixed-wing emergency services in high social value areas such as firefighting, medical emergencies, search and rescue and engineering and maintenance. With approximately 409 employees, it owns and operates a fleet of 72 aircraft dedicated to the provision of critical public mission services under availability-type contracts with around 30 public authorities in Spain. The transaction also included Eliance’s subsidiaries in Italy and Chile, Elifriulia and Habock Aviation Chile, respectively. In 2020, Eliance generated approximately €50 million in revenues.
This operation enables RiverRock to diversify its portfolio by investing in a growing and solid cash-flow generating business with a strong social component.