VistaJet is set to receive a $600m private equity investment from a consortium led by RRJ Capital, one of Asia’s largest private equity firms.

The deal, expected to be finalised in the coming weeks, will provide VistaJet with fresh capital as it prepares for a public listing within the next three years.

The consortium’s investment will take the form of convertible preference shares, allowing investors to convert their holdings into ordinary shares once VistaJet goes public. The IPO venue is yet to be determined, but the company aims to strengthen its financial position ahead of the listing by using the proceeds to reduce its $4bn debt burden. 

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The Agnelli family’s €3bn ($3.14bn) sale of its stake in Ferrari NV has helped push European block trades to their strongest start in two decades.

Investors, including billionaire families, private equity firms, and governments, have raised approximately $15.3bn through stake sales since January, driven by a surge in European stock markets.

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Roark Capital struck a $1bn deal to acquire Dave’s Hot Chicken, further cementing its presence in the fast-growing restaurant franchise sector.

The Atlanta-based private equity firm, which manages $38bn in assets, already owns an impressive portfolio of restaurant brands, including Arby’s, Culver’s, and Subway, which it acquired last year. Roark’s latest move aligns with private equity’s growing interest in franchise-based businesses, known for their predictable royalty revenue and lower operational costs.

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