M&A Deal Summary

US Airways Group Acquires America West Holdings

On September 27, 2005, US Airways Group acquired airliner America West Holdings from TPG

Acquisition Highlights
  • This is US Airways Group’s 1st transaction in the Airlines sector.
  • This is US Airways Group’s 1st transaction in the United States.
  • This is US Airways Group’s 1st transaction in Arizona.

M&A Deal Summary

Date 2005-09-27
Target America West Holdings
Sector Airlines
Buyer(s) US Airways Group
Sellers(s) TPG
Deal Type Add-on Acquisition

Target

America West Holdings

Phoenix, Arizona, United States
America West Holdings Corp. was one of the U.S.'s largest passenger carriers, based in Tempe, Arizona out of Phoenix Sky Harbor International Airport.

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Buyer(S) 1

Buyer

US Airways Group

Tempe, Arizona, United States

Category Company
Founded 1939
Sector Airlines
Employees32,000
DESCRIPTION

US Airways Group, along with US Airways Shuttle and US Airways Express, operates nearly 3,200 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs more than 32,000 aviation professionals worldwide, operates the world's largest fleet of Airbus aircraft and is a member of the Star Alliance network, which offers its customers more than 21,500 daily flights to 1,356 airports in 193 countries. Together with its US Airways Express partners, the airline serves approximately 80 million passengers each year and operates hubs in Charlotte, N.C., Philadelphia and Phoenix, and a focus city in Washington, D.C. at Ronald Reagan Washington National Airport. US Airways Group, Inc. was formed in 1939 and is headquartered in Tempe, Arizona.


DEAL STATS #
Overall 1 of 1
Sector: Airlines M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 1

SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B 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 22 of 277
Sector: Airlines M&A 1 of 2
Type: Add-on Acquisition M&A Deals 6 of 95
State: Arizona M&A 2 of 6
Country: United States M&A 17 of 199
Year: 2005 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-11 SunGard Data Systems

Wayne, Pennsylvania, United States

SunGard Data Systems, Inc. is a provider of software and processing solutions for the financial services industry, higher education, and the public sector in over 70 countries. SunGard also offers disaster recovery, managed IT, and information availability consulting services along with business continuity management software.

Buy $11.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-29 Genomic Health

Redwood City, California, United States

Genomic Health, Inc. is a life science company, involved in the research and development of genomic based clinical laboratory services for oncology treatment. Genomic Health was founded in 2000 and is based in Redwood City, California.

Sell -