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New Deal


Announced

Completed

RRJ Capital completed the acquisition of Gategroup form HNA for $2.8bn.

Financials

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Transaction Value£2,133m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales0.6x
EV/EBITDA11.5x
Share Price Premium-
One Off Charge-

Tags

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Majority

Private Equity

Acquisition

Friendly

Completed

airline industry

catering

Catering

Switzerland

Private

Single Bidder

Synopsis

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RRJ Capital, an Asian investment firm, completed the acquisition of Gategroup, the world’s largest provider of airline catering and retail on board, form HNA for $2.8bn. “Today marks another milestone for RRJ Capital and Temasek and is a natural next step following from our initial investment in the company in 2018. Over the past three years gategroup has, thanks to its strong management team, made swift progress on the implementation of their successful Gateway 2020 Strategy. We look forward to supporting their growth aspirations,” Richard Ong, RRJ Capital Founder and Chairman.

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