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  6. Fraport Cargo Services Acquires Airmall

M&A Deal Summary

Fraport Cargo Services Acquires Airmall

On August 4, 2014, Fraport Cargo Services acquired business services company Airmall from Prospect Capital Management

Acquisition Highlights
  • This is Fraport Cargo Services’ 1st transaction in the Business Services sector.
  • This is Fraport Cargo Services’ 1st transaction in the United States.
  • This is Fraport Cargo Services’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2014-08-04
Target Airmall
Sector Business Services
Buyer(s) Fraport Cargo Services
Sellers(s) Prospect Capital Management
Deal Type Add-on Acquisition

Target

Airmall

Boston, Massachusetts, United States
Airmall develops and currently manages all or substantially all of the retail operations within the Boston, Baltimore-Washington, Pittsburgh, and Cleveland international airports. At each of the airports, AIRMALL is responsible for designing, constructing, leasing, and actively managing the retail space, which includes restaurants, lounges, news and gift shops, specialty retail shops, retail services (e.g., ATMs), food courts, and other common areas. Airmall was founded in 1991 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Fraport Cargo Services

Frankfurt am Main, Germany
Category Company
Sector Transportation
DESCRIPTION

Fraport Cargo Services has been the largest provider of independent cargo handling services at Frankfurt Airport, Europe’s joint largest cargo airport alongside Paris CDG. Frankfurt Cargo Services GmbH has been known as one of the first choices for airfreight handling from and to Frankfurt.

DEAL STATS #
Overall 1 of 1
Sector: Business Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Prospect Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 1988
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.

DEAL STATS #
Overall 26 of 48
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 9 of 18
State: Massachusetts M&A 1 of 1
Country: United States M&A 26 of 47
Year: 2014 M&A 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-30 Flagstone Foods

Minneapolis, Minnesota, United States

Flagstone Foods is a manufacturer and distributor of private-label snacks for retailers and foodservice providers. The Company produces a range of nuts, trail mixes, and dried fruit products, offering product development, roasting, seasoning, and packaging capabilities. Flagstone Foods was founded in 2010 and is headquartered in Minneapolis, Minnesota.

Sell $860M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-04 Capstone Logistics

Peachtree Corners, Georgia, United States

Capstone Logistics is a provider of outsourced supply chain solutions at nationwide distribution centers catering to the grocery, foodservice, retail, automotive, and 3PL verticals. Capstone was founded in 2011 and is based in Peachtree Corners, Georgia.

Sell -
Mergr

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