Hivest Capital to acquire Cargo and Catering activities from Safran.

Hivest Capital, a private equity firm, agreed to acquire Cargo and Catering activities from Safran, a multinational company that designs, develops and manufactures aircraft engines, rocket engines. Financial terms were not disclosed. “This project illustrates our expertise in corporate carve-outs as it is actually composed of two simultaneous transactions. Their closing will account for our 6th and 7th carve-out operations since the inception of Hivest Capital Partners. The specific complexity further reflects our strong know-how in the management of corporate spin-offs," Cédric Lépée, Hivest Capital Managing Partner.