M&A Deal Summary |
|
|---|---|
| Date | 2019-05-13 |
| Target | WestJet |
| Sector | Airlines |
| Buyer(s) |
Onex Partners
Delta Korean Air Air France-KLM |
| Deal Type | Going Private |
| Deal Value | 5.0B USD |
| Advisor(s) | CIBC Capital Markets BofA Securities (Financial) Blake, Cassels & Graydon Norton Rose Fulbright (Legal) |
SEARCH BY
| Category | Private Equity Firm |
|---|---|
| Founded | 1984 |
| PE ASSETS | 21.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 51 of 63 |
| Sector: Airlines M&A | 1 of 1 |
| Type: Going Private M&A Deals | 4 of 4 |
| State: Alberta M&A | 1 of 1 |
| Country: Canada M&A | 3 of 3 |
| Year: 2019 M&A | 4 of 5 |
| Size (of disclosed) | 4 of 30 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-04-30 |
Convex
Hamilton, Bermuda Convex is a specialty property and casualty insurance company. Convex writes insurance and reinsurance with a focus on underwriting complex specialty risks across a diversified range of business lines. Convex was founded in 2019 and is based in Hamilton, Bermuda. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-07-08 |
York Risk Services Group
Parsippany, New Jersey, United States York Risk Services Group is a provider of customized claims management, managed care, risk management, pool administration, and specialized loss adjusting services to markets including public entities, programs, carriers and all types of self-insureds. |
Sell | - |
Delta is a global airline in the US and international markets. Delta's route network is centered around a system of hub and international gateway airports that we operate in Amsterdam, Atlanta, Detroit, Los Angeles, Minneapolis-St. Paul, New York-LaGuardia, New York-JFK, Paris-Charles de Gaulle, Salt Lake City, Seattle and Tokyo-Narita. Delta's network is supported by a fleet of aircraft that is varied in size and capabilities. Delta was founded in 1924 and is headquartered in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 3 |
| Sector: Airlines M&A | 3 of 3 |
| Type: Going Private M&A Deals | 1 of 1 |
| State: Alberta M&A | 1 of 1 |
| Country: Canada M&A | 1 of 1 |
| Year: 2019 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-12-11 |
Virgin Atlantic Airways Limited
Crawley, United Kingdom Virgin Atlantic is a British airline majority-owned by the Virgin Group. Virgin Atlantic began operations in 1984 and is based in Crawley. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1962 |
| Sector | Airlines |
| Employees | 16,969 |
| Revenue | 17.87T KRW (2024) |
Korean Air is a national airline serving passengers through hubs in South Korea. Korean Air was formed in 1962 and is headquartered in Seoul, South Korea.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector: Airlines M&A | 1 of 2 |
| Type: Going Private M&A Deals | 1 of 1 |
| State: Alberta M&A | 1 of 1 |
| Country: Canada M&A | 1 of 1 |
| Year: 2019 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-12-12 |
Asiana Airlines
Seoul, South Korea Asiana Airlines is a multinational airline serving passengers throughout Asia. Asiana Airlines was formed in 1988 and is headquartered in Seoul, South Korea. |
Buy | $1.3B |
| Category | Company |
|---|---|
| Founded | 1919 |
| Sector | Airlines |
| Employees | 79,026 |
| Revenue | 31.5B EUR (2024) |
Air France-KLM is a French/Dutch holding company for the Air France and KLM airlines. Air France-KLM was founded in 1919 and is based in Paris, France.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector: Airlines M&A | 2 of 2 |
| Type: Going Private M&A Deals | 1 of 1 |
| State: Alberta M&A | 1 of 1 |
| Country: Canada M&A | 1 of 1 |
| Year: 2019 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-03-31 |
Barfield
Miami, Florida, United States Barfield, Inc. provides aerospace services in USA (Miami, Phoenix, Louisville), also covering the South-American market. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-10-03 |
SAS
Stockholm, Sweden SAS is an airline company that flies to destinations in Europe, the USA, and Asia. The company reduces its carbon emissions through using more sustainable aviation fuel, investing in new fuel-efficient aircraft, and technology innovation, together with partners. In addition to flight operations, it offers ground handling services, technical maintenance, and air cargo services. SAS is based in Stockholm, Sweden. |
Buy | $1.2B |
