Switzerland-based airline caterer Gategroup said Singapore-based investor Temasek and RRJ Capital have partnered with Gategroup owner HNA Group to invest Gategroup, the company said.
Temasek and RRJ have subscribed to a five-year mandatory exchangeable bond which, upon conversion, will result in up to 49 percent of the share capital of Gategroup.
Terms of the transaction were not disclosed.
HNA, the aviation-to-financial services conglomerate, has been selling overseas real estate and some of its biggest financial and strategic investments following a $50 billion acquisition spree over the past two years.
Temasek is a global investment company headquartered in Singapore.
RRJ Capital is an Asian investment firm focused on private equity investments in China and south-east Asia with nearly USD11 billion in assets under management.