LawFuel.com – Slaughter and May is advising BBA Aviation on its proposed US$2.065 billion acquisition of Landmark Aviation from The Carlyle Group and on the associated rights issue and debt facilities. The acquisition is being funded through a fully underwritten rights issue to raise approximately £748 million and through new debt facilities.
Landmark Aviation is a fixed based operator (FBO) network with multiple locations across North America and Europe. The transaction is set to expand BBA’s global flight support network, Signature, adding 68 FBO locations to the entity’s extensive portfolio.
Slaughter and May worked alongside Sullivan & Cromwell, who advised on the U.S elements of the transaction.