Hogan Lovells advises Astronics in relation to the acquisition of PGA Electronic
12 November 2013
Hogan Lovells has advised Astronics, a leading provider of advanced technologies for the global aerospace and defense industries, in relation to the acquisition of the French company PGA Electronic.
PGA Electronic designs and manufactures seat motion and lighting systems primarily for business and first class aircrafts seats and is Europe's leading provider of in-flight entertainment/communication systems as well as cabin management systems for private aircraft. This purchase of approximately 28.5 million USD will be paid 60% in cash and 40% in Astronics stock. The deal is expected to close before year end, subject to customary closing conditions.
The Hogan Lovells team in charge of this transaction was led by corporate partner Jean-Marc Franceschi, who worked with associates Arnaud Deparday and Audrey Distler (corporate/M&A), partner Jean-Marc Albiol and associate Christophe Cougnaud (employment law), partner Mikael Salmela and Jessica Garestier (commercial contracts), counsel Laure Nguyen (real estate), partner Pierre de Montalembert and senior associate Charles Saumon (competition), and associate Loïc Lemercier (intellectual property). EY advised on the tax aspects of the deal.
Three sellers were advised by Daniel Pétard from LMP Avocats and one by Stéphanie Roy from de Gaulle Fleurance. Robert Flanigan from Mayer Brown advised on some aspects of US law.