Warburg Pincus, the pioneer of global growth investing, announced the acquisition of Topcast Aviation Supplies Company Limited, the largest independent distributor of civil aviation parts and Maintenance, Repair, and Overhaul (MRO) service provider in the Asia Pacific. Founded in 1991 and headquartered in Hong Kong, Topcast offers integrated solutions to the civil aviation industry, including the distribution of aircraft parts and consumables, buyer-furnished equipment (BFE), Original Equipment … [Read more...] about Warburg Pincus acquires Topcast, Asia Pacific’s largest independent aircraft parts distributor and MRO service provider in the civil aviation industry
Warburg Pincus
UPS confirms $1.8 billion Coyote acquisition
UPS has announced that it has entered into a definitive purchase agreement to acquire Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company for US$1.8 billion from its current owner Warburg Pincus. The US express and logistics giant said it expected to close the deal within 30 days to acquire Coyote, which was founded in 2006 and reported annual revenue of $2.1 billion in 2014. David Abney, UPS CEO said: “The brokered full-truckload freight segment is a … [Read more...] about UPS confirms $1.8 billion Coyote acquisition
UPS in talks to buy US-based Coyote Logistics
US express delivery company United Parcel Service Inc (UPS) is said to be in talks to buy Chicago-based Coyote Logistics LLC for at least US$1.8 billion, according to a Reuters report quoting a source familiar with negotiations. According to the report, Coyote is backed by Warburg Pincus, the New York-based private equity firm, which may instead opt for an initial public offering as a way to sell its stake in the transportation logistics services provider. Coyote coordinates the movement of … [Read more...] about UPS in talks to buy US-based Coyote Logistics
