Friday, May 8, 2015

Public: British Venture Capital studying purchase of TAP – Jornal de Negócios – Portugal

The Greybull is assessing entry into the race for TAP, writes on Friday the public. This venture capital company acquired the “low cost” British Monarch late last year.

The Greybull venture capital is evaluating the acquisition of TAP, said this Friday -Thurs Público. The Greybull, which in late 2014 bought the Monarch, the airline “low cost”, is known for acquiring companies in difficult situation after restructuring, and has already signed the confidentiality agreement that allows you to access information about TAP and thus considering a possible investment in the company.

The deadline for submission of bids ends next week and there are already three venture capital firms that have signed the confidentiality agreement, including the US Apollo Global Management.

German Efromovich, owner of South American Avianca, David Neeleman, the Brazilian Blue, and Miguel Pais do Amaral, in a consortium with Barraqueiro and the American businessman Franck Lorenzo, also signed the contract confidentiality.

The next day May 15 will be known the final decisions of the various stakeholders and will know up-who advanced with or without a bid for Portuguese airline.

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