PAI buys Swissport for €654m

Private equity firm PAI Partners has bought passenger and cargo handling company Swissport from Spanish infrastructure group Ferrovial for €654m.

The transaction - which has an enterprise value of around €880m - is expected to close later this year.

The firm reported revenues of €1.12bn and an EBITDA of €81m in 2009.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Susannah Birkwood on +44 20 7004 7524 or susannah.birkwood@incisivemedia.com

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

Recruitment software company tripled in revenue under Main Capital’s ownership

KKR partially exits its 2017 investment in the specialty gas and chemical distributor, retaining a minority stake

The Silver Economy Fund makes its second investment as it highlights trend of GPs doubling down on narrow strategies

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

Czech Republic-headquartered family office is targeting DACH and CEE region deals

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds