Mergers: Commission clears acquisition of joint control over Signature Aviation by Blackstone, GIP and Cascade Investment

Daily News 10 / 05 / 2021


Economia - pubblicata il 11 Maggio 2021


https://www.trevisobellunosystem.com/tvsys/img/notizie/eu_commissione_europea.jpg

Source: European Commission Spokesperson’s Service

The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of joint control over Signature Aviation plc (‘Signature’) of the UK by Blackstone Group Inc.
(‘Blackstone’), Global Infrastructure Partners (‘GIP’) and Cascade Investment, L.L.C. (‘Cascade Investment’), all of the U.S. Signature operates a global fixed based operations network for business
and general aviation travellers, providing premium flight support services, including fuel and non-fuel services, and flight-related support for passengers, crew and aircraft. Blackstone is a
global asset manager, which invests across a variety of asset classes such as private equity, real estate, public debt and equity, growth equity and secondary funds. GIP is an independent
infrastructure investor focused on the transport, energy, waste and water sectors. Cascade is a private investment entity that manages the assets of William H. Gates III and is primarily active in
North America. The Commission concluded that the proposed acquisition would raise no competition concerns, given its limited impact in the European Economic Area. The transaction was examined under
the simplified merger review procedure. More information is available on the Commission’s competition website, in the
public case register under
the case number
M.10200
.

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