Searchlight Capital to acquire a 26% stake in Latécoère from Apollo Funds, Monarch and CVi Partners for $107m.

Searchlight Capital Partners agreed to acquire entire stake of the Apollo Funds, Monarch and CVi Partners in Latécoère, representing c. 26% of the share capital of Latécoère, at a total price of a $107m equivalent to €3.85 ($4.32) per share, which represents a 23% premium to shares price on last trading day. “The company welcomes this proposed transaction, Searchlight having shown on this occasion its support for the strategy proposed by management and approved by the board of directors,” Latecoere said in a statement.