Add-on Acquisition • Business Services

HNA Group Co. Acquires Swissport International AG

On July 30, 2015, HNA Group Co. acquired business services company Swissport International AG from PAI Partners for 2.7B CHF

Acquisition Context
  • This is HNA Group Co.’s 1st transaction in the Business Services sector.
  • This is HNA Group Co.’s 2nd largest (disclosed) transaction.
  • This is HNA Group Co.’s 1st transaction in Switzerland.

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M&A Deal Summary

Date July 30, 2015
Target Swissport International AG
Sector Business Services
Buyer(s) HNA Group Co.
Sellers(s) PAI Partners
Deal Type Add-on Acquisition
Deal Value 2.7B CHF

Target Company

Swissport International AG

Opfikon, Switzerland
Swissport International Ltd. provides ground services for around 224 million passengers and handles 4.1 million tonnes of cargo a year on behalf of some 700 client-companies in the aviation sector.
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Buyer Overview 1

Buyer

HNA Group Co.

Haikou, China

Category Company
Founded 2000
Sector Diversified
Employees180,000
Revenue 25.0B USD (2014)
DESCRIPTION

HNA Group Co. Ltd. is a conglomerate encompassing core divisions of aviation, holdings, capital, tourism and logistics.


Deal Context for Buyer #
Overall 1 of 5
Sector: Business Services 1 of 2
Type: Add-on Acquisition 1 of 4
Country: Switzerland 1 of 2
Year: 2015 1 of 1
Size (of disclosed) 2 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-17 Ingram Micro

Irvine, California, United States

Ingram Micro is a wholesale technology distributor and a global provider of IT supply-chain, mobile device lifecycle services, and logistics solutions. Ingram Micro distributes and markets a large variety of technology and mobility products from companies such as Acer, Apple, Cisco, Citrix, Hewlett-Packard, IBM, Lenovo, Microsoft, Samsung, Symantec, VMware, and others. Ingram Micro was founded in 1979 and is based in Irvine, California.

Buy $6.0B

Seller Profile 1

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 28.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


Deal Context for Seller #
Overall 27 of 52
Sector: Business Services 1 of 3
Type: Add-on Acquisition 13 of 19
Country: Switzerland 2 of 2
Year: 2015 2 of 4
Size (of disclosed) 3 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-25 Atos

Bezons, France

Atos is a digital services provider. Serving a global client base, the Group provides Consulting & Systems Integration services, Managed Services & BPO, Cloud operations, Big Data & Cyber-security solutions, as well as transactional services through Worldline, the European provider in the payments and transactional services industry. Atos is focused on business technology that powers progress and helps organizations create their future firm. Atos was founded in 1982 and is based in Bezons, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Konecta

Madrid, Spain

Konecta specializes in management and business process outsourcing solutions. Konecta is based in Madrid, Spain.

Buy -