Harry Sloan’s has moved to position his Global Eagle Entertainment as a major airlines entertainment distributor with the $36m acquisition from GCP Capital Partners of Travel Entertainment Group Equity, the UK-based parent company of IFE Services.

IFE Services is a leading provider of in-flight entertainment services to more than 50 airlines and cruise lines worldwide. 

For the full year 2013 and on a stand-alone basis, IFE Services is expected to generate approximately $37m-$40m of annual revenue and $7m-$9m of Adjusted EBITDA.

Topics