White & Case Advises Avia Solutions Group on Strategic Partnership with Certares Management
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Global law firm White & Case LLP has advised Avia Solutions Group (ASG) on a strategic partnership with Certares Management LLC (Certares) pursuant to which Certares will make a €300 million structured equity investment in ASG.
"White & Case has a strong track record advising leading players in the aviation sector and we have built a strong relationship with ASG in recent years," said White & Case partner Richard Jones, who led the Firm's deal team. "This strategically significant transaction enables the next phase of ASG's growth plan, with the partnership with Certares providing access to its complementary expertise and industry network."
The transaction is subject to customary conditions and approvals and is expected to close in Q4 2021.
ASG is a leading aerospace services group with almost 100 offices and production facilities worldwide. It employs more than 7,000 people and serves more than 2,000 clients around the world. ASG's services to clients include aircraft leasing and trading, MRO services, business aviation and VIP airline procurement, charter and cargo aviation, pilot and crew training, and recruitment services.
Established in 2012, Certares is a leading US-based investment specialist which focuses its activities on several key sectors including travel and tourism, hospitality, business and consumer services.
The White & Case team in London which advised on the transaction was led by partner Richard Jones and included partners Jill Christie and Caroline Sherrell and associates Irina Kozlova and James Charteris-Black.
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