ایئرپورٹ کنسیشن آپریٹر او ٹی جی نے کہا کہ ایکسپلورنگ سیل، ایس پی اے سی ڈیل

او ٹی جی, an operator of ریستوران and concessions at U.S. ہوائی اڈے, is exploring options including a sale or going public through a special purpose acquisition company, according to people with knowledge of the matter.

The New York-based company, which دائر to go public in 2016 before delaying plans and حوالے مارکیٹ کے حالات, is working with an adviser to solicit interest from potential suitors including private equity funds, so-called strategics and SPACs, the people said. Its targeted valuation couldn’t immediately be learned.

Founded in 1996 by Chief Executive Officer Eric “Rick” Blatstein, OTG traces its roots to a single restaurant in the Philadelphia International Airport. The company has locations in Chicago’s O’Hare International Airport, New York’s John F. Kennedy International Airport and LaGuardia Airport, and Toronto Pearson International Airport, among others, its ویب سائٹ ظاہر کرتا ہے.

The Covid-19 pandemic, which roiled both overseas and domestic travel, could continue to threaten concession operators in part due to new variants and uneven vaccination roll-outs, بلومبرگ Intelligence analyst Conroy Gaynor wrote in a note last month. Publicly traded airport concessionaires include SSP Group Plc, ڈوفری اے جی اور Autogrill SpA.

After OTG’s postponed IPO, Harvest Partners SCF LP, an arm of private equity firm Harvest Partners LP, said it led a $250 million سرمایہ کاری کمپنی میں

A spokeswoman for Harvest Partners declined to comment and representatives for OTG didn’t respond to requests for comment.

ماخذ: بلومبرگ - ایئرپورٹ کنسیشن آپریٹر او ٹی جی نے کہا کہ ایکسپلورنگ سیل، ایس پی اے سی ڈیل

متعلقہ

Source: https://spacfeed.com/airport-concession-operator-otg-said-exploring-sale-spac-deal?utm_source=rss&utm_medium=rss&utm_campaign=airport-concession-operator-otg-said-exploring-sale-spac-deal