Wheels Up To Buy UK-Based Air Partner Expanding To Europe, Groups, Cargo [Forbes]
VINCI SA UNSP/ADR (VCISY)
NASDAQ:AMEX Investor Relations:
vinci.com/vinci.nsf/en/investors.htm
Company Research
Source: Forbes
In its first deal sincegoing public Up Experience Inc.Air Partner PLCUnder the terms of the all cash transaction, Up will acquire the entire issued and to be issued ordinary share capital of Air Partner for 125 GBX per share, equivalent to an enterprise value of approximately $107 million. The acquisition is expected to close later in the first quarter, subject to shareholder and regulatory clearances in the U.K. and Italy. Up Experience is fulfilling Chairman and CEO Kenny Dichter's plans for international... [+]expansion with an agreement to acquired U.K.-based aviation services provide Air Partner. (Photo by Laura Cavanaugh/FilmMagic)“This acquisition will allow us to offer existing and future customers even more compelling and seamless options for private travel, expand the reach of our marketplace in key markets around the world, and add important operational capabilities to our network,” said Up Chairman and CEO Kenny Dichter.He added, “Air Partner has tremendous heritage, lea
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