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Baring Private Equity Asia, PAI Partners Buys World Freight Company International

PAI Partners and funds affiliated with Baring Private Equity Asia today announced that they have entered into an agreement to jointly acquire World Freight Company International, a firm active in the General Sales and Service Agent (GSSA) market, from existing shareholders Greenbriar Equity Group and Mr. Pierre Brunet, Chairman of WFCI. Terms of the transaction were not disclosed. WFCI exclusively markets and manages cargo freight capacity for more than 200 airline customers on more than 16,000 routes serving every major air cargo market globally, in particular the critical Asia-Europe corridor, to take advantage of growing e-commerce markets. WFCI manages more than €1.3 billion...