Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

PAI Partners-Backed Swissport in Talks to Buy Servisair

July 22 (Bloomberg) -- Aviation luggage-handling service company Swissport International Ltd. is in exclusive talks to buy baggage-handler Servisair for an undisclosed sum, the companies said in an e-mailed statement.

The purchase of Servisair, owned by Paris-based maintenance and recycling group Derichebourg SA, would be the latest transaction by Swissport since it was purchased by private-equity firm PAI Partners SAS in November 2010.

Swissport, which is based in Glattbrugg, Switzerland, announced in March it would buy the majority of the ground-handling operations from Nordic airline SAS Group AB. In September 2012, it purchased Flightcare Spain and Flightcare Belgium from Madrid-based FCC Versia SA.

The acquisition of Servisair would add about 15,000 people to the company’s 40,000 employees, Swissport said in the statement today.

BNP Paribas SA and Sycomore Corporate Finance SAS acted as financial advisers to Swissport and PAI with Societe Generale SA and Lazard Ltd. advising Derichebourg, a spokeswoman for Paris-based PAI Partners said.

To contact the reporter on this story: Kiel Porter in London at kporter17@bloomberg.net

To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.