Our companies:
FLYdocs Systems Limited

About:

 

  • Provides best in class paperless aviation records management and online aircraft transition services, through a proprietary software as a service platform
  • Enables its commercial airline and aviation leasing company customers to benefit from significant cost savings, process efficiencies and insight
  • Operations in the UK, India, Philippines and USA

 

 

 

Key facts

Sector: Technology
Location: Tamworth, West Midlands
Status: Realised
Website: www.flydocs.aero

Why we invested:

 

  • Entrepreneurial, founder-led team with deep sector knowledge
  • Track record of strong profits and cash generation and a business at a point of inflexion
  • Potential to be market leader due to momentum with major airline customers, enhanced software functionality and breadth of application/service
  • High barriers to entry including proprietary technology, long term contracts, industry expertise in a complex market and a well-established, low cost outsourcing model
  • Positive market drivers and high levels of expected market growth, driven by adoption of digital records management systems, increasing passenger numbers, number of aircrafts and trend towards leasing.

 

The deal

Size at investment: Undisclosed
Date of investment: April 2015
Deal type: Development Capital
GCP board member: Richard Shaw

How we made a difference: 

 

  • Provided a flexible funding solution which allowed the founders to access funds and strategic input to support growth, whilst realising some value but retaining control of the business
  • Working with management to grow the senior team and international sales function
  • Providing access to a broad network of contacts, to further develop financial management, sales and marketing capabilities and strategic international growth plans
  • GCP worked alongside management to deliver a great strategic exit to Lufthansa Technik

 

“GCP’s financial input and understanding of our strategy, together with their track record of supporting buy and build will help us to significantly accelerate our growth agenda. Their straightforward, partnership approach was a key factor in us choosing them as our first external investor and we’re delighted to be working with the team. ”

Adrian Ryan, Founder and CEO of FLYdocs Systems

Exit result

Size: Not disclosed
Sold to: Lufthansa Technik
Date of exit: June 2016
IRR: Not disclosed
Money multiple: Not disclosed