PAI sells Swissport International for CHF 2.7bn

A trade sale was not PAI's only exit option, with the GP also mooting the possibility of listing Swissport on the stock market.

PAI bought Swissport from Ferrovial for €654m in November 2010. The company has since then expanded its business into Latin America, the Middle East and Africa. During the investment period, Swissport bought ground handling operators Flightcare and Servisair as well as Latin-America-based Inter Airport Service.

Company
Swissport was founded in 1996 and is based in Opfikon, Switzerland. The company is a provider of ground handling and cargo transport services. It has 700 client companies, serves 224 million passengers and handles 4.1 million tonnes of cargo per year. Swissport has 60,000 employees and is operating in 270 stations in 48 countries. Consolidated operating revenue stands at CHF 3bn.

People
Ricardo de Serdio is a partner at PAI. Per Utnegaard is president and CEO of Swissport.

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