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UK-listed aviation services provider Signature Aviation is to be acquired by Global Infrastructure Partners (GIP) in a deal worth $4.6 billion.

Shares in the firm rose 8.8 per cent on the back of the announcement. The $5.50 a share bid beat off competition from Blackstone, which had won the backing of billionaire Bill Gates, and Carlyle. The deal represents a 51 per cent premium on the FTSE 250 firm’s closing price on 16 December, the day before the bid is tabled. But it is a blow to Blackstone, which along with Gates’ Cascade currently owns a 20 per cent stake in the London-based aviation company formerly known as BBA Aviation. Just days ago Blackstone said that it had secured Gates’ support for an offer of $5.17 per share for...

$22bn GIP IV fund buys MAP RE/ES investment platform and renewable energy AUM for undisclosed sum

Global Infrastructure Partners Announces Acquisition Of MAP Energy's Renewable Energy Business RE/ES, the renewable energy business of MAP Energy (MAP RE/ES investment platform, team, and renewable energy assets under management from MAP , a private fund manager and energy investor. The assets include a portfolio of producing royalty interests across more than 16,000 MW of operating wind and solar projects in the United States, as well as a nationwide development pipeline managed through joint ventures with leading national and regional development partners. The MAP RE/ES business will ...