Billionaire Ernesto Bertarelli Buys $219 Million in Madison Air Solutions Shares
Swiss billionaire Ernesto Bertarelli has acquired approximately 8.8 million shares of Madison Air Solutions Corporation (NYSE: MAIR) for around $219 million through a private placement at $24.97 per share, as reported on an SEC Form 4 filing. The transaction was executed by K.C. Armada, LP and increased Bertarelli's indirect ownership in the company to approximately 53.6 million shares with a post-transaction value of around $1.5 billion, representing about 11% of Madison Air Solutions' outstanding equity. The purchase price is significantly below recent market levels; as of August 26, 2026, MAIR was trading at $28.51 per share. Madison Air Solutions operates in the industrial machinery sector with a focus on indoor air quality and HVAC systems for both commercial and residential markets. The company has a trailing twelve-month revenue of $3.4 billion and net income of $162.8 million, operating out of Chicago with 8,650 employees.
Tickers: $MAIR