HNA Group SFr1.4 billion acquisition of gategroup Holding

Overview:

• HNA Group, a Chinese conglomerate, has acquired gategroup Holding through an all-cash public tender offer. 
• The deal sees gategroup investors receiving SFr53 per share
• gategroup Holding is a Switzerland-based global provider of products and services to the travel industry, specifically airline catering.
• The deal is part of HNA's wider plan to acquire aviation related assets around the world.
• Credit Suisse Group acted as the financial adviser to gategroup. UBS Group acted as financial adviser to HNA.

Rani Mehta - Journalist