PAI Partners To Pay $914 Million For Swissport International

European private equity shop PAI Partners said that it will pay 654 million Euros ($914 million) to acquire passenger and handling company Swissport International AG, Reuters reported. Swissport is currently owned by Spanish infrastructure group Ferrovial, which has been selling off assets in order to lighten its debt load. The Swissport deal is expected to close in early 2011. PAI Partners is based in Paris, and has offices throughout Europe.

DealsNorth AmericaUSBriefs