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M&A Deal Summary

Lind Invest and Air France-KLM Acquire SAS

On October 3, 2023, family office Lind Invest and Air France-KLM acquired aerospace company SAS for 1.2B USD

Acquisition Highlights
  • This is Lind Invest’s 1st and Air France-KLM’s 2nd transaction in the Aerospace sector.
  • This is Lind Invest’s and Air France-KLM’s 2nd largest (disclosed) transaction.
  • This is Lind Invest’s 1st and Air France-KLM’s 1st transaction in Sweden.

M&A Deal Summary
Date 2023-10-03
Target SAS
Sector Aerospace
Buyer(s) Lind Invest
Air France-KLM
Deal Type Special Situations/Distressed
Deal Value 1.2B USD
Advisor(s) Seabury Securities
Skandinaviska Enskilda Banken (SEB) (Financial)
Weil Gotshal & Manges
Mannheimer Swartling Advokatbyra AB (Legal)

Target

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.

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Buyer(S) 2

Buyer

Lind Invest

Category Family Office
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Lind Invest is a family-backed investment firm focused on private and public company throughout the Nordic region of Europe. Lind Invest was formed in 2002 and is based in Aarhus, Denmark.

DEAL STATS #
Overall 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Special Situations/Distressed M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 1
Buyer

Air France-KLM

Paris, France
Category Company
Founded 1919
Sector Airlines
Employees79,026
Revenue 31.5B EUR (2024)
DESCRIPTION

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 5 of 5
Sector: Aerospace M&A 2 of 2
Type: Special Situations/Distressed M&A Deals 1 of 1
Country: Sweden M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-13 WestJet

Calgary, Alberta, Canada

WestJet operates scheduled and charter services to destinations in North America, Central America, the Caribbean, Europe, and Asia. WestJet specializes in passenger and cargo air transport through its mainline operations and subsidiaries, including WestJet Encore, WestJet Cargo, and Sunwing Vacations Group.. WestJet was founded in 1996 and is based in Calgary, Alberta.

Buy $5.0B
Mergr

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