KBS, a leading privately held facility services provider in North America, announced today a recapitalization by investment funds and accounts managed by its long-time investors KKR ("KKR"), Ares Management ("Ares") and Blackrock Capital Investment Advisors, LLC or affiliates thereof ("BlackRock"), which will become majority equity holders in the Company.
Saab is most famous for its cars here in America, but the company actually started out making airplanes for the Swedish Air Force. Its best was the J35 Draken.