M&A Deal Summary

Republic Airways Holdings Acquires Midwest Airlines

On July 30, 2009, Republic Airways Holdings acquired airliner Midwest Airlines from TPG for 31M USD

Acquisition Highlights
  • This is Republic Airways Holdings’ 1st transaction in the Airlines sector.
  • This is Republic Airways Holdings’ largest (disclosed) transaction.
  • This is Republic Airways Holdings’ 2nd transaction in the United States.
  • This is Republic Airways Holdings’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2009-07-30
Target Midwest Airlines
Sector Airlines
Buyer(s) Republic Airways Holdings
Sellers(s) TPG
Deal Type Add-on Acquisition
Deal Value 31M USD

Target

Midwest Airlines

Oak Creek, Wisconsin, United States
Midwest Airlines features nonstop jet service to major destinations throughout the U.S. Midwest Connect offers connections to Midwest Airlines flights, as well as point-to-point service between select markets on regional jet and turboprop aircraft.

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Buyer(S) 1

Buyer

Republic Airways Holdings

Indianpolis, Indiana, United States
Category Company
Founded 1973
Sector Airlines
Employees5,935
Revenue 1.4B USD (2014)
DESCRIPTION

Republic Airways Holdings, Inc. is an aviation holding corporation, which owns three airlines operating in the United States: Chautauqua Airlines, Republic Airlines and Shuttle America. Republic Airways Holdings, Inc. was founded in 1973 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 2 of 3
Sector (Airlines) 1 of 2
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 2 of 3
Year (2009) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-06 Shuttle America

Indianapolis, Indiana, United States

Shuttle America Corp. is a provider of airline services in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-13 Frontier Airlines

Denver, Colorado, United States

Frontier Airlines is an ultra low-cost carrier whose business strategy is focused on low fares. Frontier offer flights throughout the United States and to select international destinations in Mexico and the Caribbean. Frontier Airlines was founded in 1994 and is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 60 of 267
Sector (Airlines) 2 of 2
Type (Add-on Acquisition) 25 of 94
State (Wisconsin) 1 of 1
Country (United States) 44 of 193
Year (2009) 2 of 4
Size (of disclosed) 69 of 71
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-09 MIE Energy

Beijing, China

MIE Energy engages in the exploration, development, and operation of oil and gas properties in the U.S., the People's Republic of China, and internationally. MIE Energy was founded in 2001 and is based in Beijing, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-12 Roka Bioscience

Warren, New Jersey, United States

Roka Bioscience is a molecular pathogen detection company. The company has exclusive access to GenProbe's Transcription Mediated Amplification technology for detecting RNA as applied to industrial uses and some point of care diagnostic applications.

Buy -
Mergr

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