Cerberus sells flight services provider for $2.25bn
Cerberus Capital Management, a private equity firm specialising in distressed investing with around $55 billion under management, has completed the sale of Worldwide Flight Services (WFS) to SATS for an enterprise value of €2.25 billion. Cerberus acquired WFS in 2018 for an enterprise value of €1.2 billion. Since then, WFS

