Kingswood Capital to acquire Safran Passenger Innovations (RAVE IFE and connectivity)
Kingswood Capital Management has entered a definitive agreement to acquire Safran Passenger Innovations (SPI), the Brea, California–based in‑flight entertainment and connectivity supplier behind the RAVE IFE system. The transaction, part of Safran's divestment of non‑core units, is subject to regulatory approval and expected to close early next year.