We have advised both Osprey and its principal financial investor, 24Haymarket, on the deal.
Osprey has secured more than £40 million in growth investment from Level Equity, a leading technology growth capital firm based in New York, allowing Osprey to accelerate the development and integration of generative AI technologies to support clients in managing risk across the aviation sector and many other industries.
Founded in 2017, Osprey has quickly become the global leader in aviation risk management, harnessing AI to build the industry’s first truly predictive and dynamic aviation risk management platform. Counting major international airlines like KLM, Virgin Atlantic and Singapore Airlines as customers, Osprey has seen over 500% growth in contracted revenue in the last three years, fuelled by surging demand for real-time, predictive insights in an increasingly complex aviation and geopolitical environment.
As well as advising Osprey, we advised the company's principal financial investor, 24Haymarket, in connection with the deal, as 24 Haymarket will remain a minority investor in the business along with existing angel investors.
Corporate Partner Richard Faichney said: "It has been a true pleasure to support Osprey on this transformational deal. Andrew, Sylvia and the whole team at Osprey have built an amazing business in a short space of time, providing a truly critical service supporting the global aviation sector and many other industries with risk management in increasingly unpredictable times. It has also been exciting to support 24Haymarket here, with Paul and the whole team being a true class act in the venture and growth equity investor community. This was a complex piece of work calling upon our long history and expertise supporting fast-growth technology businesses and our market leading venture, M&A and private equity teams. We are grateful for the trust both Osprey and 24Haymarket have placed in us and are very excited to see what the future holds for them both."
Sylvia White, Director Risk, Legal & Compliance said: "We would like to thank Richard, Bella, Katie and the team at Taylor Wessing for their valuable support and calm guidance throughout this transaction. They were instrumental in bringing the deal to a successful close."
Our team advising Osprey and 24 Haymarket was led by Partners Richard Faichney and Emma Danks.
Our team included:
- Emerging Companies and M&A: Richard Faichney (Partner), Howard Palmer (Partner), Howard Bella Thornton-Clark, (Senior Associate), Loye Oyedotun, (Senior Associate), Abi Easton (Associate), and Clover May (Associate), Jamie Mehta (Paralegal)
- Private Equity: Emma Danks (Partner), Alex Walker (Senior Associate), Alex Stones (Associate)
- Incentives: Katie Lewis (Senior Counsel)
- Tax: Bridget Winters (Senior Counsel)
- Intellectual Property: Sian Skelton (Partner).
