3i leads biggest European transport MBO of 2002

Private equity firms 3i and Star Capital Partners have agreed to buy SR Technics (SRT), the maintenance unit of collapsed airline SwissAir, for €425m ($423m) in the biggest transport management buy-out of the year so far.

The deal surpassed the Sfr580m (€396m) buy-out by Candover of Swissport, SwissAir's airport ground handling company, a deal that closed in February.

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