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Permira to sell Jet Aviation to General Dynamics19/08/2008. Source: AltAssets. 
 UK-based buy-out house Permira has agreed to sell Switzerland-based business aviation service company Jet Aviation to defence contractor General Dynamics for a reported $2.25bn.
Jet Aviation provides maintenance, repair and overhaul services to the aircraft industry. The company serves clients from over 25 airport facilities throughout Europe, the Middle East, Asia and North and South America. Permira acquired Jet Aviation in October of 2005 for an undisclosed sum.
SVG Capital said in a statement that the value of this realisation for SVG is £84.2m, 'a significant uplift' to the original investment.
Permira advises funds with a total committed capital of approximately €22bn.
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