Kingswood Capital Management to acquire Safran Passenger Innovations from Safran.

Kingswood Capital Management, a private investment firm, agreed to acquire Safran Passenger Innovations from Safran, a French multinational aircraft engine, rocket engine, aerospace-component and defence company. Financial terms were not disclosed. Kingswood will leverage its capital base, operational network, and expertise to grow the business and help it develop new connected in-flight entertainment solutions, which have become a key element of passenger experience as the aviation industry continues to expand.