OpenAirlines has received a significant investment from Eiffel Investment Group and Mirova
OpenAirlines
Founded in 2006 and based in Toulouse, France, OpenAirlines is a clean-tech company and global leader in software solutions, dedicated to airline eco-piloting. Thanks to innovative solutions based on big data and artificial intelligence (AI), OpenAirlines enables airlines to reduce fuel consumption and CO₂ emissions, generating substantial savings. OpenAirlines combines cutting-edge AI technologies and airline industry expertise to deliver the SkyBreathe® platform, an award-winning eco-piloting software adopted by more than 70 airlines worldwide, including Atlas Air, easyJet, DHL, Norwegian, Air France, IndiGo and Korean Air. Recognized for its rapid deployment and ability to engage various airline departments, OpenAirlines’ solutions enable airlines to achieve their emissions reduction targets while maintaining high standards of performance and safety.
The Deal
Eiffel Essentiel and Mirova bring a unique combination of international experience, strategic airline C-level relationships and a background in scaling successful business-to-business software companies to fuel OpenAirlines’ worldwide expansion and strengthen its market leadership. To achieve this, the company plans to intensify its development in Asia and North America, two strategic, fast-growing markets. OpenAirlines also intends to enhance its range of services to mobilize all airline departments in support of energy efficiency and carbon footprint reduction. To this end, OpenAirlines intends to initiate an ambitious external growth strategy, aimed in particular at expanding the services offered by the SkyBreathe platform.
Our Perspective
Matthieu Rosset, Lincoln International Managing Director who led the transaction, commented, “It has been a pleasure to support Alter Equity and its portfolio company OpenAirlines on this transaction, setting the stage for OpenAirlines’ next growth chapter. We are strong believers in the power of technology, through solutions like SkyBreathe, to address global warming. This transaction reaffirms our environmental, social and governance expertise and our ability to assist financial sponsors in competitive sell-side processes.”
Charles de Fels, Lincoln International Managing Director, commented, “OpenAirlines is a prime example of how an entrepreneur-led company can emerge as a global leader in aviation decarbonization technologies. We are impressed by OpenAirlines’ self-financed growth trajectory and pleased to have advised the founder and the financial sponsor, in this landmark transaction within the aviation industry. With the full support of Eiffel and Mirova, we are convinced that OpenAirlines is well-positioned to sustain its robust growth and continue expanding its portfolio of technological solutions.”
Eiffel Investment Group
Eiffel is an asset manager with €6.6 billion under management. Its investor base comprises major institutional investors (insurance companies, mutual insurers, pension funds, banks, family offices, public investors, etc.) as well as individual investors via intermediated distribution. Backed by the Impala Group, founded by entrepreneur Jacques Veyrat, Eiffel cultivates strong industrial expertise, particularly in the field of energy transition. Eiffel finances companies and their assets through four main strategies: private debt, private equity, energy transition infrastructure and listed equities and credit. Eiffel invests for a sustainable world. Its investment strategies aim to generate not only strong financial performance but also positive social and environmental impacts.
Mirova
Mirova is a global asset management company dedicated to sustainable investment and a subsidiary of Natixis Investment Managers. At the forefront of sustainable finance for more than a decade, Mirova develops innovative investment solutions across all asset classes, aiming to combine long-term value creation with positive environmental and social impact. Based in Paris, Mirova offers a wide range of equity, fixed income, diversified, energy transition infrastructure, natural capital and private equity strategies designed for institutional investors, distribution platforms and retail investors in Europe, North America and Asia-Pacific. Mirova and its affiliates had €31.1 billion in assets under management as of June 30, 2024. Mirova is a B Corp-certified company with a mission.
Lincoln’s combined expertise in software and aeronautics, as well as the team's guidance throughout the process, were key for the successful outcome of this transaction. This transaction provides us with the resources to position ourselves as an aggregator in our market.
Meet our Senior Team
Each transaction is unique and requires a tailor-made approach. Providing honest and straightforward advice is instrumental to develop mutually trustful relationships and reach the best outcome.
Matthieu Rosset
Managing Director & Co-head of Technology, Europe
Paris
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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.