|
Almeida Capital is pleased to be a premier sponsor of AltAssets
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
Click here for printer friendly page
TPG Capital to acquire Midwest Air Group in $450m deal17/08/2007. Source: AltAssets. 
 TPG Capital has agreed to acquire Midwest Air Group, parent company of Midwest Airlines, in a transaction valued at approximately $450m. Shareholders of Midwest's common stock would receive $17 per share.
The merger agreement has been approved by the Midwest Air Group board of directors. All financing for the transaction is in the form of equity and has been committed, according to a statement.
Richard P Schifter, partner, TPG Capital, said, 'TPG is excited about the opportunity to invest in Midwest Airlines, which has managed to preserve a quality of service to its passengers rarely seen today. We look forward to working with management and its highly motivated workforce in driving growth and creating more value. We hope that our industry experience, together with an expanded alliance with Northwest Airlines, will lead to a bigger and better Midwest.'
Northwest Airlines Corporation will be a minority passive investor in Midwest Air Partners, the entity formed to acquire Midwest.
TPG Capital is the global buy-out group of private investment firm TPG.
Copyright © 2007 AltAssets
|
 
|
|
|
