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- December 21, 2020, 12:09 PM
Signature Aviation and its Signature Flight Support FBO chain, which operates more than 200 locations globally, could be acquired by private-equity firm Blackstone Infrastructure Advisors and Blackstone Core Equity Management Associates. (Photo: Signature Aviation)
UK-based Signature Aviation the parent company of Signature Flight Support, which operates the world’s largest FBO network could soon be sold to private-equity firm Blackstone Infrastructure Advisors and Blackstone Core Equity Management Associates for approximately $4 billion, according to a statement released today by Signature. Blackstone has more than $580 billion in assets under management.
This latest overture, the sixth from Blackstone to Signature since February, equates to a possible cash offer of $5.17 per share. According to a note issued today to its investors in response to recent share increases as word of the offer leaked, Signature stated, “Having considered the terms