Redline Assured Security
Redline provides government-standard security solutions for aviation companies, event security, corporate organisations and Critical National Infrastructure (CNI).
The Original Deal
The Mobeus VCTs invested £3.7 million in Redline in 2016.
Redline was sold to Air Partner Plc, a global aviation services group listed on the London Stock Exchange, for total proceeds of £10 million.
Redline expanded its contract base significantly and now operates across Europe, the Middle East and Australasia. The sale represents a Money Multiple, for the VCTs, of 1.8x cost and an overall IRR of 19.3%.