At what enterprise value was SWIFTAIR GROUP acquired in 2025?

During the acquisition of SWIFTAIR GROUP by ANTIN INFRASTRUCTURE in 2025, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M EUR.

What was the EV/EBITDA of SWIFTAIR GROUP when it was acquired by ANTIN INFRASTRUCTURE?

The estimated EV/EBITDA multiple for SWIFTAIR GROUP is in the range of 5x - 12x.

When was SWIFTAIR GROUP acquired by ANTIN INFRASTRUCTURE?

SWIFTAIR GROUP was acquired by ANTIN INFRASTRUCTURE in 2025.

What was the revenue of SWIFTAIR GROUP at the time of the deal?

The revenue of SWIFTAIR GROUP at the time of the deal is estimated to be in the range of 250M - 500M EUR.

What was the EBITDA of SWIFTAIR GROUP during the acquisition?

SWIFTAIR GROUP's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the SWIFTAIR GROUP acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the SWIFTAIR GROUP deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.antin-ip.com/media/our-news/swiftair-european-leader-in-outsourced-express-airfreight-welcomes-antin-to-accelerate-its-growth

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

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Home Database Business ServicesSWIFTAIR GROUP

10/2025

SWIFTAIR GROUP acquired by ANTIN INFRASTRUCTURE

SPAIN Transport & Logistics / Freight Transport / Air Freight EV 300M - 700M EUR

Context

Antin Infrastructure Partners has entered into a definitive agreement to acquire a majority stake (exceeding 70%) in Swiftair Group. The founder, Salvador Moreno, will retain a significant minority stake and continue as CEO to lead the next phase of growth. This investment represents the seventh transaction for Antin’s €2.2 billion Mid Cap Fund I. The strategic rationale focuses on capitalizing on the structural growth of the express airfreight market, fueled by e-commerce and critical logistics demand. Antin intends to support Swiftair in modernizing its fleet and pursuing further market consolidation, following the company’s previous successful acquisitions of Cygnus Air and West Atlantic. The partnership aims to optimize Swiftair’s intra-European routes while opportunistically exploring high-growth markets to meet the global needs of its Tier-1 integrator client base. The deal was supported by financial advisors Deutsche Bank and BBVA for the buyer, and Morgan Stanley for the seller.

SWIFTAIR GROUP, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Swiftair is a leading European provider of dedicated airfreight capacity and ACMI (Aircraft, Crew, Maintenance, and Insurance) services, headquartered in Madrid. The organization operates a versatile fleet of 71 aircraft (including Boeing 737/757 and Airbus 321) across 77 routes in over 45 countries. Its business model focuses on providing mission-critical outsourced transportation for "blue-chip" global integrators like DHL, FedEx, and UPS, as well as national postal operators such as La Poste and Royal Mail. With a workforce of 1,350 employees, the company manages its own state-of-the-art hangar at Madrid-Barajas airport and a network of 38 maintenance centers. Swiftair specializes in time-sensitive cargo, including pharmaceutical and food products, benefiting from high barriers to entry due to its deeply integrated regional networks and long-standing client relationships.

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REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 250M - 500M EUR

EBITDA range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SWIFTAIR GROUP by ANTIN INFRASTRUCTURE are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: antin infrastructure