PAI and BPEA to acquire World Freight Company International

PAI Partners and Baring Private Equity Asia have agreed to acquire World Freight Company International, which manages cargo freight capacity for more than 200 airline customers on more than 16,000 routes. The sellers are Greenbriar Equity Group and Pierre Brunet, chairman of WFCI. No financial terms were disclosed. Deutsche Bank and Kirkland & Ellis advised WFCI and Greenbriar while Rothschild, Evercore, Willkie Farr & Gallagher and Ropes & Gray advised PAI Partners and BPEA.

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