New Heritage Capital Completes Cross-Border Investment in Flying Colours Corp.
Choate recently advised New Heritage Capital in its acquisition of a minority stake in Flying Colours Corp., an Ontario-based provider of private jet refurbishment, completion, and MRO services. The transaction was structured using New Heritage’s Private IPO® solution.
Flying Colours will retain its management and operational independence, and will benefit from increased financial resources at a time of considerable growth. The deal enables Flying Colours to realize high-value projects which include expanding service lines, infrastructure development, and the building of additional hangars.
The Choate team was led by T.J. Murphy and included partners Tim Becker and Steve Tonkovich and associates Rebecca Wilsker, Larissa Cespedes-Yaffar and Melissa Gaied.