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OAG sold to Electra Partners as part of offloading plan by UBM

02/18/2013| 11:09:59 AM| 中文

Flight information and forecasting service OAG is expected to have a new owner after a £160 million deal was struck between parent company UBM and private equity company Electra Partners.

Flight information and forecasting service OAG is expected to have a new owner after a £160 million deal was struck between parent company UBM and private equity company Electra Partners.

UBM had been looking for a buyer of its so-called Delta data services businesses, including OAG Aviation and its various components, as well as units which serve health, paper and other technology-led industries.

The strategic review (a move to “simplify” its business operations) began in July 2012 and has now led to a binding offer from Electra to purchase the portfolio for $160 million, including a £40 million vendor loan note.

Read full story at: http://www.tnooz.com/2013/02/08/news/oag-sold-to-electra-partners-as-part-of-offloading-plan-by-ubm/

TAGS: OAG | UBM | Electra Partners | acquisition
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