Rivals are Bloomberg are claiming Carlyle is giving up on buying Signature Aviation after its subsidiary, Standard Aero, bought the London-listed company's engine, repair and overhaul unit for $230 million. Below is the link to Bloomie story:..
Posts tagged: Signature Aviation
Perhaps I won't need the popcorn after all: this morning Blackstone and Bill Gates's firm Cascade announced it had teamed with Global Infrastructure Partners to mount a joint £3.4 billion offer for Signature Aviation at 411p a share. Below is the link:..
Betaville was casting around for stories today and stumbled around a curious line around the three-way battle for Signature Aviation, the London-listed private jet operator.
It would appear, according to publicly available financing documents, that Global Infrastructure Partners, one of the firms interested in buying Signature Aviation, is offering to finance its bid in, er, equity. Yes, you heard that right - equity to the tune of $4.6 billion...
Word is Simon "Dingo" Dingemans is leading Carlyle's potential bid for Signature Aviation.
Now, younger readers might not recall who Dingemans is. Back in the boom boom of the noughties Dingemans was one of the top dealmakers at Goldman Sachs, advising on the some the biggest takeover deals, such as the £12bn takeover of Alliance Boots by KKR in 2007 and Vodafone's hostile £115bn acquisition of Mannesmann in 2000...
So, Mark "the Kleinmanator" Kleinman just dug out a decent line about Blackstone teaming up with Bill Gates's fund to launching a joint £3.5 billion takeover bid for Signature Aviation. Below is a link to Mark's scoop with all the gory detail:
Signature Aviation, the London-listed aviation services group, is said to have attracted a "third bidder".
Last month, Signature Aviation confirmed Betaville's intelligence alert about the possibility of takeover interest by disclosing both Blackstone and Global Infrastructure Partners, the owner of Edinburgh airport, had made approaches for the company...
Betaville is in another grump.
That's because it would appear rivals, friends and former colleagues on the business sections have sided decided to ignore the fact little old Betaville smoked out Blackstone's £3 billion bid for Signature Aviation yesterday morning.
What is going on?..
It would appear Signature Aviation, and its highly paid advisers at JP Morgan and Tulchan Communications have decided to ignore the fact that little old Betaville published an UNCOOKED ALERT this morning about the potential deal.
In today's confirmation statement (see the link below) there is a simple reference to "movement in its share price" and no reference to Betaville's scoop (see the link below)...
Signature Aviation, the UK-listed aviation services company, is at the centre of bid speculation.
People following the situation have heard rumours about the possibility of a takeover bid for, or stakebuilding in, Signature Aviation.
One person following the situation suggested the acquirer could be one of America's largest private equity firms while another person said they heard rumours the potential offeror could be a hedge fund that carries out outright takeover bids...