Flexjet, the second largest private jet company, has obtained an investment from the LVMH-backed private equity firm, L Catterton. LVMH is the world-renowned French luxury company headed by Bernard Arnault. You have read a bit about the company here on YourSurvivalGuy.com:
- LVMH’s Arnault Rejects France’s Economic Nationalism
- Your Survival Guy in Paris: l’Ami Louis, LVMH
- World’s Richest Woman, LVMH, Hermès and More
- Can Luxury Ride AI to Success?
- Does Luxury Have the Chinese Flu?
- Your Survival Guy in Paris: Luxury and You
In the Financial Times, Mari Novik explains L Catterton’s investment in Flexjet, which valued the jet company at around $4 billion. Novik writes:
The investment in Flexjet is the largest ever fundraising in the private aviation sector, according to US investment bank Jefferies. Flexjet is the world’s second-biggest private jet company by fleet size and market share, behind Warren Buffett-backed market leader NetJets.
The business, whose exclusive network of aircraft were featured in the hit HBO show Succession, has started to explore how L Catterton’s ties to LVMH can expand its luxurious offerings such as designs of cabin interiors.
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