Press Release

Mesirow Financial Advises Aviation Mobility, LLC, a Wholly Owned Subsidiary of Meggitt PLC on its Sale to Smarte Carte, Inc., a Portfolio Company of 3i Group PLC

CHICAGO, March 13, 2018 - Mesirow Financial acted as lead financial advisor to Aviation Mobility, LLC (“Aviation Mobility” or the “Company”), a wholly owned subsidiary of Meggitt PLC, on its sale to Smarte Carte, Inc. (“Smarte Carte”), a portfolio company of 3i Group PLC.

Headquartered in  Charlotte, NC, Aviation Mobility is the leading domestic provider of legally mandated  mobility equipment for special assistance passengers in the commercial air  transport sector. The Company has established brand recognition in the industry  for its comprehensive product and service portfolio, and commitment to exceptional  customer service. With a fleet of wheelchairs deployed at more than 300  airports, the Company serves a long-standing blue-chip customer base consisting  largely of commercial airlines and airport service providers. In addition, the  Company offers robust customer service, providing expert technicians on-site to  inspect and service the deployed wheelchair fleet. 

Fergus Munro, head  of M&A for Meggitt PLC, commented on the transaction, “Mesirow Financial’s expert  guidance and transaction support were instrumental in securing a successful outcome.”

Adam Oakley,  managing director of Mesirow Financial’s Investment Banking group, said, “We were honored to represent the owners of Aviation Mobility. We believe the Company’s unique mobility expertise is an ideal vehicle for Smarte Carte’s next phase of growth.”

The transaction  represents another successful assignment completed by Mesirow Financial’s  Investment Banking group. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial’s dedicated aerospace and  defense team has a proven record of completing highly complex and successful transactions.

About Meggitt PLC                
Headquartered in the United Kingdom, Meggitt PLC is an international group operating in North  America, Europe and Asia. Known for its specialized extreme environment  engineering, Meggitt is a world leader in aerospace, defense and energy.  Meggitt employs nearly 11,000 people at 40 manufacturing facilities and  regional offices worldwide. To learn more, please visit meggitt.com.      

About Smarte Carte, Inc.                
For over 40 years,  Smarte Carte has built on its reputation as an innovator and self-service  leader. The company has developed a leading line of self-service lockers which  are used in more than 1,000 locations, primarily for daily storage of personal  items. It has expanded the functionality of lockers to incorporate parcel  locker, grocery and pharmaceutical deliveries. To learn more, please visit smartecarte.com.  

About 3i Group PLC                  
3i  is an investment  company with two complementary businesses, Private Equity and Infrastructure,  specializing in core investment markets in Northern Europe and North America. 3i’s  Private Equity team provides investment solutions for growing companies,  backing entrepreneurs and management teams of mid-market companies. To learn more, please visit 3i.com.

About Mesirow Financial                
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions designed to deliver measurable results. To learn more, please visit  mesirow.com.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Aviation Mobility, LLC, Meggitt PLC, Smarte Carte, Inc., 3i Group PLC or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

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