Dubai-based private aviation group Vista Global is set to see a USD 600 mn investment after a consortium led by Asian private equity firm RRJ Capital signed an agreement on equity investment in the firm, according to a press release that was picked up by Bloomberg.

Where the funds will go: The partnership will optimize Vista’s capital structure, bolster cashflow generation, and reduce its debt obligations, and comes as the aviation group looks to diversify its investor base to strengthen its financial position.

Andalusian Private Capital also invested through the equity agreement, which is expected to reach a close by the end of the month. Vista’s existing investors include Rhône Group.

ICYMI- Vista Global made it onto CB Insights’ unicorn list last year, earning a USD 2.5 bn valuation, making it the highest valued Emirati startup on the rankings.

ADVISORS- Jefferies was the financial advisor for Vista whilst UBS was RRJ’s financial advisor.

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