Swissport Completes Financial Restructuring / Ownership Transfer to Group of New Shareholders

posted on 22nd December 2020 by Eddie Saunders
Swissport Completes Financial Restructuring / Ownership Transfer to Group of New Shareholders

Effective 21 December 2020, Swissport has completed a comprehensive financial restructuring, which was first announced and agreed to on 21 and 31 August 2020. Ownership of the company has been transferred from HNA Group to a group of established, global financial investors. The lead investors are investment funds managed by affiliates of Strategic Value Partners, LLC (“SVPGlobal”), Apollo Global Management, Inc., TowerBrook Capital Partners, Ares Management, Cross Ocean Partners and King Street Capital Management, LP – all of them former senior-secured lenders of Swissport.

“The completion of our financial restructuring and the investment and support from the new ownership group – all renowned global financial investors with industry experience – place Swissport in the pole-position as the service partner of choice for any airline,” says Eric Born, Group President & CEO of Swissport International AG.