Private equity players swoop on WFCI

PAI Partners and Baring Private Equity Asia have agreed to acquire World Freight Company International, which manages cargo freight capacity for more than 200 airline customers on more than 16,000 routes. The sellers are Greenbriar Equity Group and Pierre Brunet, chairman of WFCI. No financial terms were disclosed. Deutsche Bank and Kirkland & Ellis advised […]

HNA completes Swissport takeover

HNA Group has completed its acquisition of Swissport from PAI Partners, making the Swiss handling agent a stand-alone business in HNA. HNA Group president, Adam Tan says: “We welcome Swissport’s customers and employees into partnership with the HNA Group … It complements HNA’s existing activities including aviation, airport management, logistics, tourism, real estate and financial […]