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New Deal


Announced

Indigo Partners to sell a 17.2% stake in Wizz Air for €500m.

Financials

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Transaction Value£423m
Consideration TypeCash
Capital Owned-
Capital Bid For17%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Single Bidder

Public

Hungary

Private Equity

Pending

Airlines

airline operation

Minority

Friendly

Acquisition

Synopsis

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Indigo Partners agreed to sell a 17.2% stake in Wizz Air, a Hungarian low-cost airline, for €500m. With the sale, Indigo’s stake in Wizz decreases from 20.6% to 3.4%. The shareholders will continue to hold convertible shares and convertible notes in Wizz following completion. Through the sale, Wizz Air will comply with the EU shareholder rules.

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