Hogan Lovells Advises on Aim Aviation SBO
16 September 2013
LONDON, 16 September 2013 - Hogan Lovells has advised the senior management of Aim Aviation Limited on its secondary buy-out by TowerBrook Capital Partners, L.P. from existing investor LDC. The transaction is subject to regulatory approval and is expected to complete in Q4 2013.
TowerBrook, a leading international investment management firm, has acquired a controlling stake in AIM Aviation from leading UK mid-market private equity house LDC, for an undisclosed sum. UK-based AIM Aviation designs, engineers and manufactures cabin interiors for the world's major airlines on Airbus, Boeing and military aircraft.
Hogan Lovells also previously advised the management team on the original buy-out by LDC in 2010.
The Hogan Lovells team advising the management was co-led by London private equity partners Amit Nayyar and Alan Greenough, supported by associates Laurence Dace and Emma Bosworth; employment senior associate Kate Barker; employee share schemes Of Counsel Kiran Khetia and tax Of Counsel Andy Treavett.
Commenting on the transaction, Alan said:
"This is a key strategic transaction for our client and we are pleased to have been able to continue to advise the management throughout the course of Aim Aviation's development, which will only continue to grow with the support of this market-leading investor".