Terra Firma, the private equity group, has announced the acquisition of AWAS Aviation Holdings LLC (AWAS) for $2.5bn from Morgan Stanley. The acquisition is being funded by a mixture of equity and debt underwritten by JP Morgan, which also acted as financial advisers to Terra Firma on the transaction.
Investindustrial sells its remaining stake of 4.12% in the company, fully exiting the investment
Following the deal, CCV Schweiz will be integrated with Concardis Schweiz, which is part of Nets Group
Minority shareholder IMS Capital has also filed for insolvency; Getnow is now seeking new investors
Exit from Rutland Fund III realises a return of 5.7x on the original cost of the investment