Investment Summary

SATS Invests In CAS Group

On February 25, 2014, SATS invested in business services company CAS Group from EQT Private Capital Asia

Investment Highlights
  • This is SATS’s 1st transaction in the Business Services sector.
  • This is SATS’s 1st transaction in Indonesia.

Investment Summary

Date 2014-02-25
Target CAS Group
Sector Business Services
Investor(s) SATS
Sellers(s) EQT Private Capital Asia
Deal Type Stake Purchase

Target

CAS Group

Jakarta Timur, Indonesia
CAS Group is an airport services providing company involved in ground handling, cargo handling, aircraft maintenance and catering services. CAS Group was founded in 1984 and is based in Jakarta Timur, Indonesia.

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Investor(S) 1

Investor

SATS

Singapore, Singapore

Category Company
Founded 1972
Sector Business Services
Employees50,000
Revenue 5.8B SGD (2025)
DESCRIPTION

SATS is a gateway services and food solutions providing company involved in airline catering, food distribution and logistics, institutional and remote-site catering, chilled, ambient and frozen food manufacturing as well as linen and laundry services. SATS was founded in 1972 and is based in Singapore.


DEAL STATS #
Overall 2 of 3
Sector: Business Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Indonesia M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-21 Menzies Aviation

Hong Kong, China

Menzies Aviation (Hong Kong) Ltd. is a provider of ground handling services at the Hong Kong International Airport. The company also offers passenger and ramp handling services which include baggage handling and load control.

Buy £1M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-03 Worldwide Flight Services

Roissy, France

Worldwide Flight Services is a provider of ground services at over 60 major airports. WFS provides ramp, passenger, cargo, and technical services for more than 200 domestic and international airlines, including American, Continental, British Airways, Cathay Pacific, and Korean Airlines. Worldwide Flight Services was founded in 1984 and is based in Roissy, France.

Buy €1.3B

Seller(S) 1

SELLER

EQT Private Capital Asia

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EQT Private Capital Asia is an Asia-focused private equity group specializing in growth equity investments and buyouts of companies valued between $300 million and $1.5 billion. Baring looks for companies that require capital for organic expansion, recapitalizations, or to fund acquisitions. The Group's geographic coverage spans China, India, Japan, Singapore, Hong Kong, and Taiwan. EQT Private Capital Asia was formed in 1997 and is based in Hong Kong.


DEAL STATS #
Overall 3 of 32
Sector: Business Services M&A 1 of 5
Type: Stake Purchase M&A Deals 1 of 3
Country: Indonesia M&A 1 of 1
Year: 2014 M&A 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 China Shengmu

Hong Kong, China

China Shengmu produces and markets dairy products made from organically sourced milk in China. The Company operates self-owned organic farms and processing facilities, offering a range of liquid milk and related dairy products for retail and industrial customers. Its operations include both upstream dairy farming and downstream production under the Shengmu brand. China Shengmu was founded in 2009 and is headquartered in Bayannur, Inner Mongolia, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-26 Nord Anglia Education

London, United Kingdom

Nord Anglia Education is an international operator of premium schools, serving students from kindergarten through the end of secondary school (K-12). Together, they educate more than 37,000 students from kindergarten through to the end of secondary education. Nord Anglia Education was formed in 1972 and is based in London, United Kingdom.

Sell -