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Hogan Lovells Advises Investindustrial on Disposal of Avincis

27 March 2014

27 March 2014 - Hogan Lovells has advised Investindustrial Group on the disposal by Investindustrial Group and KKR of the Avincis Group to Babcock International Group PLC for an enterprise value of approximately €2 billion.

The Avincis Group is a leading supplier of mission-critical helicopter and fixed-wing services, and a leading supplier of critical offshore crew-change helicopter services to the oil and gas industry in the North Sea and Australia.

Babcock, the UK's leading engineering support services company, will acquire the entirety of the issued share capital of Avincis; bringing together two leading international companies that provide complex, mission-critical services to public sector bodies and blue-chip corporate clients on long-term contracts.

The Hogan Lovells team advising Investindustrial Group was led by private equity partner Ed Harris, with senior associates Leanne Moezi and David Harrison.

Hogan Lovells also recently advised Investindustrial, through its subsidiary World Park Holdings B.V., on the disposal of a 49.9% stake in PortAventura, the leading entertainment park and destination resort in Southern Europe, to KKR.

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