Sorainen, working with Herbert Smith Freehills, has advised Certares on its EUR 300 million structured equity investment into the Avia Solutions Group. Magnusson, working with White & Case and Cyprus-based Antis Triantafyllides & Sons, advised ASG on the deal.
The transaction remains contingent on regulatory approval and is expected to close by the end of 2021.
Certares is a US-based investor dedicated to the travel, tourism, and hospitality sectors.
According to Magnusson, ASG "is a leading aerospace services group with almost 100 offices and production facilities worldwide. ASG employs over 7,000 highly skilled professionals, serving more than 2,000 clients throughout Europe, Asia, North America, and Australia."
According to Sorainen, “the investment will help enable the next phase of ASG’s growth plan for services in passenger and cargo aviation, maintenance and engineering, crew training, ground handling, and logistics. The partnership with Certares will provide access to Certares’s complementary expertise and industry network as well as add new members to the ASG Board, which will further strengthen the governance of the organization.”
Sorainen’s team included Partners Sergej Butov and Piret Jesse, Counsel Janis Bite, Senior Associates Vaiva Masidlauskiene and Triin Ploomipuu, and Associate Laura Matuizaite.
Magnusson's team included Partners Anders Backman and Matiss Rostoks, Senior Counsel Toomas Malberg, Senior Associate Arturs Sevcuks, Associates Aleksandra Szabat, Linda Merileid Tilk, Ketlin Peterson, and Annika Veisson, and Compliance Officer Lev Goffert.
Editor's note: After this article was published, Integrites announced that it had advised the Avia Solutions Group on the deal. The firm's team included Partner Illya Tkachuk, Senior Associate Inna Kostrytska, Associates Yulia Bleshmudt and Yaroslav Pylypets, and Paralegal Olha Bolotina.
