Onex to sell WestJet stakes to Delta, Korean Air; DIH Deutsche buys Ludwig Esser

Deal Wrap is updated as of 3 p.m. ET.

– Onex Partners Manager LP agreed to sell minority equity stakes in Canadian airline WestJet Airlines Ltd. to Delta Air Lines Inc. and Korean Airlines Co. Ltd. for $550 million. Barclays is WestJet and Onex's financial adviser.

– DIH Deutsche Industrie-Holding GmbH acquired German steelmaker Ludwig Esser Metallbau GmbH and its associated commercial real estate. Belgravia & Co. was the M&A adviser to Ludwig Esser Metallbau.

– Kedaara Capital Investment Managers Ltd. and Wellington Management Company LLP co-led a series F round for Indian logistics company SmartShift Logistics Solutions Pvt. Ltd., doing business as Porter.

For more private equity deals, read our latest In Play report, which looks at potential private equity-backed M&A, including rumored transactions, each week.