Acquisition of Avireal AG from SAirGroup/SAirlines by Ability AG for CHF 269.9m
Swiss Capital Group advised Ability AG
Acquisition of Avireal AG from SAirGroup/SAirlines by Ability AG for CHF 269.9m
Sector(s) : Real estate
Date : April 2005
Advisor(s) : Swiss Capital
Advised : Buy Side
Mid-Capital partner Swiss Capital Group advised Ability AG
Ability AG (Switzerland) has acquired Avireal AG (Switzerland) from SAirGroup/SAirLines in Receivership. Avireal AG encompasses the real estate portfolio and the facility management activities of SAirGroup/SAirLines in Receivership, in particular at and around the Zurich airport. Avireal counts 350 employees. The real estate portfolio subsequently was transferred to an independent Special Purpose Vehicle (SPV), Winsto AG. Avireal AG will continue to operate the facility management business.
Swiss Capital Group acted as Sole Financial Advisor to Ability AG and Winsto AG, including structuring and procurement of acquisition financing.
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