Vista Global Holding, a private aviation provider that competes with Warren Buffett’s NetJets, is in talks to go public through a SPAC merger, Bloomberg reports, citing people familiar with the matter.
A transaction could value Vista at more than $10 billion including debt, said the people, who asked not to be identified because the information is private.
The company has projected 2021 earnings before interest, taxes, depreciation and amortization of about $450 million, a person briefed on the matter said. Terms of a potential deal haven’t been finalized, and the identity of the blank-check firm in talks with Vista couldn’t immediately be learned. Read more.
