Private Jet Operator Vista Global Holds SPAC Merger Talks
This content was published on June 9, 2021 - 08:37
June 9, 2021 - 08:37
(Bloomberg) Vista Global Holding Ltd., a private aviation provider that competes with Warren Buffettâs NetJets, is in talks to go public through a merger with a special purpose acquisition company, according to people familiar with the matter.
A transaction could value Vista at more than $10 billion including debt, said the people, who asked not to be identified because the information is private.
The company has projected 2021 earnings before interest, taxes, depreciation and amortization of about $450 million, a person briefed on the matter said. Terms of a potential deal havenât been finalized, and the identity of the blank-check firm in talks with Vista couldnât immediately be learned.
Wheels Up Announces Record Revenue for First Quarter 2021
Strong year-over-year revenue growth of 68%
Investment in innovation, products, and technology drives significant momentum in ongoing strategic plan
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NEW YORK, May 20, 2021 /PRNewswire/ Wheels Up Partners Holdings LLC ( Wheels Up ) today announced financial results for the first quarter which ended March 31, 2021.
First Quarter 2021 Highlights
Active Members grew 56% year-over-year to 9,896
Adjusted EBITDA improved by $8.4 million year-over-year to ($8.7) million
Net loss improved by $12.3 million year-over-year to ($32.2) million We started this year strong, with record revenue driven by increased flying from our significant membership growth, and contributions from recent acquisitions. Our customers are flying longer distances and across all fleet categories. It is clear they continue to see the value in our trusted brand, reputation for exceptional ser
February 14, 2021
Southeast Asia has drawn increasing interest from global venture capital (VC) firms wanting a slice of the emerging market growth story. A total of $4.08 billion was raised by nine global funds in 2020 with significant allocations for private companies in the region, a massive jump from $867 million bagged by five funds in 2019, per our latest report, SE Asia’s VC Funds: Q4 2020 Review.
On the other hand, Southeast Asia’s venture capital firms suffered a significant 39% drop in fundraising at $1.96 billion in 2020, as travel restrictions in the wake of the COVID-19 pandemic and increased limited partner caution affected fundraising.
Staying with data-led stories, we captured deal-making activity in Greater China where private equity and venture capital firms took a breather in January after the hectic deal flow witnessed towards the end of 2020. Chinese startups collected almost $7.5 billion in January 2021, down 17.6% from December, according to our data. Th
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
WeissLaw LLP is investigating whether ASPL s board acted in the best interest of ASPL s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Wheels Up, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to ASPL s public shareholders.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust viola