Hogan Lovells advises Zodiac Aerospace S.A. in its acquisition of Sell GmbH
05 July 2010
Hogan Lovells advised Zodiac Aerospace, a Euronext Paris-listed company, one of the main players in the aerospace equipment and systems sector, on its agreement to buy Sell GmbH (“Sell”) from the Premium Aircraft Interiors Group (“PAIG”). This transaction, which remains subject to the authorization of the antitrust authorities, is expected to close by the end of 2010.
Sell is a leading designer and manufacturer of premium aircraft galleys and galley insert equipment and provider of associated services for the global commercial aerospace industry. Sell is based in Herborn, Germany and has 1,250 employees. The company generated revenues of €179 million in 2009.
This transaction will reinforce Zodiac Aerospace's worldwide leadership position in cabin Interiors and will enable Zodiac Aerospace to propose a full and competitive range of products to airlines and aircraft manufacturers.
Jean-Marc Franceschi, partner, and Edouard Eltvedt coordinate the Hogan Lovells team, which includes Philip Watkins, partner, and Jo Ede in London, Dirk Besse, partner, Wolfgang Kircher, counsel, and Angelika Schwetzler in Munich and Michel Debroux, partner in Paris, for the antitrust aspects.
PricewaterhouseCoopers also advised Zodiac Aerospace while Rothschild intervened as advising banker.
PAIG was advised by law firm SJ Berwin (Mark Sanders, partner, and Ruth Vamplew) and the bank Lazard.