Gategroup Rrj

Gategroup Holding AG today announced that Temasek has converted its mandatory exchangeable bond and acquired additional shares resulting in a 50% stake in gategroup.

Gategroup rrj. Gategroup Holding AG operates as a holding company. Headquartered in Zurich, Switzerland, gategroup Holding AG is the world’s largest provider of airline catering, retail-on-board and hospitality products and services, serving more than 700 million passengers annually from over 0 operating units in 60 countries/territories across all continents. It manages approximately US$11 billion of funds, with portfolio companies in Asia, Australia, Europe and USA.

Gategroup is owned by Singapore state fund Temasek and Asian investment firm RRJ Capital, who took over the company in several steps from Chinese conglomerate HNA. Temasek is a world funding firm headquartered in Singapore, whereas RRJ Capital is an Asian funding agency centered on non-public fairness investments in China and south-east Asia with almost US$11 billion property beneath administration. RRJ Capital has agreed to purchase all outstanding shares in airline catering and on board retail provider, Gategroup from HNA Group.

Temasek and RRJ Capital have subscribed to a five-year mandatory exchangeable bond which, upon conversion, will result in up to 49% of the share capital of gategroup. Gategroup is a leading independent global provider of catering and hospitality;. Gategroup Holding has announced that Temasek and RRJ Capital have joined HNA Group as investors.

Through the transaction, RRJ Capital will become gategroup’s sole shareholder. RRJ Capital made an initial investment in gategroup last year and has now completed the takeover Airline catering and retail company gategroup has been bought by RRJ Capital. New members appointed to the Board include Charles Ong (co-Chairman of RRJ Capital.

ZURICH GLATTBRUGG – gategroup Holding AG announced that RRJ Capital has completed the acquisition of all outstanding shares in gategroup from HNA Group. Gategroup’s new Board of Directors will be chaired by Richard Ong, Founder and Chairman of RRJ Capital. RRJ Capital has agreed to purchase all outstanding shares in world airline catering and onboard retail leader gategroup Holding from China’s HNA Group.

(Redirected from GateGroup) Gategroup is a Swiss company providing services to the travel industry, including catering, onboard retail, food service provisioning, and food logistics. RRJ is based in Singapore and Hong Kong. In February 18 gategroup co-founded the Airline Catering Association (ACA), which is based in Brussels, Belgium.

Gategroup's portfolio includes the following brands:. Temasek is a global investment company headquartered in Singapore, while RRJ Capital is an Asian. Gategroup Holding has introduced that Temasek and RRJ Capital have joined HNA Group as traders.

Xavier Rossinyol is the CEO of gategroup and leads the company in delivering its vision and business strategy. ZURICH, Sept 26 (Reuters) - Singapore-based investor Temasek has converted a mandatory exchangeable bond and bought more shares to secure a 50% stake in Gategroup Holding, the Swiss airline. White & Case and Loyens & Loeff advised RRJ Capital on the buyout acquisition of gategroup Holding AG from HNA Group.

Headquartered in Singapore, Temasek is a global investment company with a $197bn portfolio as of 31 March 17. Agreed to sell control of airline caterer Gategroup Holding AG to RRJ Capital, the second major divestment in a week by the embattled Chinese conglomerate. 18 In July 18, Temasek and RRJ joined HNA Group as investors in Gategroup.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Richard Ong, founder and chairman of RRJ, will join the board of directors. Gategroup Holding AG, the world’s largest provider of airline catering and retail on board, announced today that RRJ Capital has agreed to purchase all outstanding shares in gategroup from HNA Group.

Gategroup Holding AG (gategroup) is a Switzerland-based independent provider of airline catering and logistic services. Upon completion of the transaction RRJ Capital will become gategroup’s sole shareholder and Temasek will remain invested in gategroup through a mandatory exchangeable bond. They are now co-shareholders with RRJ Capital, who owns the remaining 50% of the company.

His leadership team is made up of. The transaction was completed on 25 September 19. Temasek is a global investment company headquartered in Singapore, with a US$197 billion portfolio as of March 31, 17.

Based in Singapore and Hong Kong, RRJ Capital is an investment firm which focuses on long term private equity investments. Upon completion of the transaction (expected to occur in April) RRJ Capital will become Gategroup’s sole shareholder and Temasek will remain invested in Gategroup through a mandatory exchangeable bond. Global law firm White & Case LLP has advised RRJ Capital on the buyout acquisition of gategroup Holding AG from HNA Group.

RRJ Capital to become sole shareholder Temasek to remain invested in gategroup through a mandatory exchangeable bond gategroup Holding AG, the world’s largest provider of airline catering and retail on board, announced today that RRJ Capital has agreed to purchase all outstanding shares in gategroup from HNA Group. Its customers include airlines, railroads and hotels around the world. Singaporean sovereign wealth fund Temasek has acquired a 50% stake in Gategroup Holding AG, the latter has announced today.

RRJ will purchase all. Temasek is a recognised, long-term investor focused in Asia, with an impressive shareholder’s return track record, said gategroup. Global law firm White & Case LLP has advised, as lead and international counsel, RRJ Capital as lead investor on a significant equity-linked debt financing for HNA Aviation (Hong Kong) Air Catering Holding Co., Limited, the sole shareholder of gategroup Holding AG.

As a result, RRJ Capital is now the sole shareholder and Temasek remains invested in gategroup through a mandatory exchangeable bond. Temasek remained invested in Gategroup through a mandatory. New members appointed to the board include RRJ Capital Co-Chairman Charles Ong, Andreas Schmid, and Björn Bajan.

19 In April 19, RRJ Capital completed the acquisition of all outstanding shares in gategroup from HNA Group. Its head office is in Glattbrugg, Switzerland, near Zurich Airport. Upon completion of the transaction, RRJ Capital will become gategroup’s sole shareholder and Temasek will.

“We are pleased to welcome Temasek as co-shareholder of gategroup. With a total AUM of close to US$11 billion, RRJ Capital (“RRJ”) is an Asian investment firm which focuses on private equity investments in China and South-East Asia. On 29 March 19, RRJ Capital announced that it has agreed to purchase all outstanding shares in gategroup Holding AG, Switzerland, the world’s largest provider of airline catering and retail on board, from HNA Group.

ZURICH GLATTBRUGG – gategroup Holding AG, provider of airline catering and retail on board, announced that RRJ Capital has agreed to purchase all outstanding shares in gategroup from HNA Group. RRJ Capital completes purchase of gategroup. Gategroup’s new Board of Directors is to be chaired by Richard Ong, Founder and Chairman of RRJ Capital, with Frederick Reid and company CEO Xavier Rossinyol retaining their positions on the board.

RRJ Capital becomes sole shareholder Temasek will remain invested in gategroup through a mandatory exchangeable bond. “We are very pleased that accomplished, long-term focused global investors like Temasek and RRJ Capital recognize the value in Gategroup today as well as its future growth potential,” Adam Tan. The completion of the transaction is expected to occur in April 19.

As of 31 December 19, gategroup operated more than 0 facilities in 60 countries and territories in six continents, serving more than 700 million passengers annually and more than 300 customers worldwide. DeSter, eGate Solutions, Elan, Gate Aviation, Gate Gourmet, Gate Safe, Harmony, Performa, potmstudios, Pourshins, Servair and Supplair. Upon completion of the transaction, RRJ Capital will become gategroup’s sole shareholder and Temasek would remain invested in gategroup through a mandatory exchangeable bond.

The S$313bn long-term investment company is now a co-shareholder with RRJ Capital, which owns the remaining 50% of inflight retailer and onboard catering provider.The transaction was completed on 25 September 19. Advised RRJ Capital in connection with its US$930 million senior secured guaranteed mandatory exchangeable bond financing and US$600 million senior secured guaranteed bridge term financing for HNA Aviation (Hong Kong) Air Catering Holding Co., Limited, the sole shareholder of gategroup Holding AG, a Zurich headquartered global leader in airline. Gategroup Holding, provider of airline catering and onboard retail, has announced that Temasek and RRJ Capital have joined HNA Group as gategroup investors.

RRJ Capital, which focuses on private equity investments in China and Southeast Asia, has agreed to purchase all outstanding shares in the airline catering and onboard retail provider. The transaction was completed on 25 September 19. RRJ Capital is an Asian investment firm focused on private equity investments in China and Southeast Asia with nearly US$11bn assets under management.

It serves as the parent company for four core brands, and is a supplier to many major airlines. April 1, 19 Comments Off on RRJ Capital completes purchase of gategroup 1,3 Views. The transaction expects to complete this month.

Singapore’s Temasek Holdings remains an investor in gategroup via a mandatory exchangeable bond. “Over the past three years gategroup has, thanks to its strong management team, made swift progress on the implementation of their successful Gateway Strategy. The two investors subscribed to a five-year, mandatory exchangeable bond that will give them a 49% stake in Gategroup Holding AG upon conversion into shares, according to a statement Monday.

Gategroup’s new Board of Directors will be chaired by Richard Ong, Founder and Chairman of RRJ Capital. Frederick W Reid and gategroup CEO Xavier Rossinyol have maintained their current roles on the board. The firm was founded in March 11 and currently has a team of close to 35 professionals, based out of offices in Hong Kong and Singapore.

The Company, through its subsidiaries, provides airline catering and hospitality, provisioning and logistics, lounge support, aircraft and. Gategroup Holding AG today announced that Temasek has converted its mandatory exchangeable bond and acquired additional shares resulting in a 50% stake in gategroup. Gategroup’s new board of directors will be chaired by Richard Ong, Founder and Chairman of RRJ Capital.

Richard Ong, Founder and Chairman of RRJ Capital and Chairman of the Board at gategroup added:. Ased in Singapore and Hong Kong, RRJ Capital is an investment firm which focuses on long term private equity investments. RRJ Capital made an initial investment in gategroup last year and has now completed the takeover.

This year, RRJ Capital completed a deal to purchase all outstanding shares in Swiss-based airline caterer Gategroup Holding AG from HNA. HNA Group , which previously owned gategroup, agreed to sell all its remaining shares to the Hong Kong and Singapore-based investment firm in a deal announced on Friday. Gategroup Holding AG, the world’s largest provider of airline catering and retail on board, announced today that Temasek and RRJ Capital have joined HNA Group as investors in gategroup.

Gategroup hopes for Asia springboard from Indonesia deal. Gategroup Holding is the world’s largest provider of airline catering and retail on board. RRJ Capital is an Asian investment firm focused on private equity investments in China and South-East Asia with nearly US$11 billion assets under management.

Gategroup Holding is the world’s largest provider of such services. Loyens & Loeff advises RRJ Capital on the acquisition of gategroup Holding AG On 29 March 19, RRJ Capital announced that it has agreed to purchase all outstanding shares in gategroup Holding AG, Switzerland, the world’s largest provider of airline catering and retail on board, from HNA Group. Gategroup Holding AG, the world’s largest provider of airline catering and retail on board, is pleased to announce that RRJ Capital has completed the acquisition of all outstanding shares in gategroup from HNA Group.

They are now co-shareholders with RRJ Capital, who owns the remaining 50% of the company. Richard Ong is the founder, chairman and chief executive officer of the RRJ Group.