b rown Bidco Limited
(a newly formed company to be indirectly owned by joint offerors (i) Blackstone Infrastructure and Blackstone Core Equity, (ii) Global Infrastructure Partners and (iii) Cascade)
to be effected by means of a Scheme of Arrangement under
Part 26 of the Companies Act 2006 UPLOADING OF DOCUMENT On 5 February 2021, the boards of directors of Brown Bidco Limited ( Bidco ) and Signature Aviation plc ( Signature ) announced that they had reached agreement on the terms and conditions of a recommended cash acquisition by Bidco of the entire issued and to be issued share capital of Signature other than Signature Shares owned or controlled by Cascade and BMGFT (the Acquisition ) to be effected by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the Scheme ). Capitalised terms in this announcement, unless otherwise defined, have the same meanings given to them in the scheme circular pub
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HSBC Bank US becomes lender for Brown in relation to Signature buy
Wed, 7th Apr 2021 17:51
(Alliance News) - Brown Bidco Ltd on Wednesday said HSBC Bank US, National Association agreed to become a lender in relation to its Signature Aviation PLC acquisition.
Back in February, Brown Bidco and Signature Aviation had reached agreement on a recommended cash acquisition by Bidco of the entire issued and to be issued share capital of Signature Aviation.
Brown Bidco is a newly formed company indirectly owned by Blackstone Infrastructure, Blackstone Core Equity, Global Infrastructure Partners and Cascade Investment LLC.
The offer values the aviation services company headquartered in London at USD4.73 billion, about GBP3.46 billion.
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