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Aviation Training Holdings acquired, recapitalised
Global law firm Clifford Chance has advised an investor consortium on the acquisition and recapitalisation of Ansett Aviation Training.
Jerome Doraisamy
Firm: Clifford Chance (consortium comprising Bain Capital Credit, Arcadia Capital and affiliates of the leadership team of Bridger Aerospace Group)
The funds provided by the consortium were applied to acquire 100 per cent of the shares in AAT, Clifford Chance said in a statement, and facilitated a recapitalisation of its balance sheet, including both a reduction of its existing debt levels and the investment of additional capital.
“That recapitalisation involved the repayment or amendment of six separate financing arrangements across Australia, Italy and Taiwan,” the firm noted.
Area: M&A
Value: N/A
Key players: The Clifford Chance team was led by partner Andrew Crook, who was supported by partners Mark Gillgren and Elizabeth Hundt Russell, counsel Cameron Reeves and senior associate Zoe Anderson, associate Tom Marr, counsel Chiara Commis and associate Benedetta Tola.
Deal significance: Mr Crook said: “We are very happy to have partnered with the investor consortium on this strategically important transaction for the aerospace sector, especially as international borders progressively reopen.
“The deal demonstrates the firm’s market-leading expertise acting on complex, multi-jurisdictional financial transactions, and I look forward to AAT’s next phase of growth.”
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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