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KBS, a leading privately held facility services provider in North America, announced today a recapitalization by investment funds and accounts managed by its long-time investors KKR ("KKR"), Ares Management ("Ares") and Blackrock Capital Investment Advisors, LLC or affiliates thereof ("BlackRock"), which will become majority equity holders in the Company.
The Saab 35 was designed during the Cold War to address the rise of the Soviet Union and the threat in the air Moscow posed to Sweden.
Saab is most famous for its cars here in America, but the company actually started out making airplanes for the Swedish Air Force. Its best was the J35 Draken.
Over the course of the Cold War, the Saab j35 Draken served in variety of roles apart from its original high-altitude configuration.
Press release content from PR Newswire. The AP news staff was not involved in its creation.