White & Case and its Turkish affiliate GKC Partners have advised MNG Havayollari Ve Tasimacilik on its entry into a definitive agreement to become a publicly traded company through a business combination with Golden Falcon Acquisition Corp. for a pro-forma enterprise value of USD 676 million. Greenberg Traurig advised Golden Falcon.
MNG Airlines is a logistics provider and e-commerce enabler. MNG Airlines services more than 15,000 corporate customers across 41 countries via more than 3,500 flights per year and offers charter services with customized plane and capacity options in addition to scheduled flights and aircraft, maintenance, crew, and insurance services.
The Golden Falcon Acquisition Corp. is a special-purpose acquisition company.
According to White & Case, “the transaction is expected to close in the first half of 2023, after which the combined company will be listed on the New York Stock Exchange under the new ticker symbol MNGA. As a public company, MNGA is expected to gain increased financial flexibility and to be well positioned to unlock new growth avenues and maximize value creation.”
The GKC Partners team included Partner Derin Altan and Associates Gokcen Durgut, Sehriban Unlu, and Ece Kuregibuyuk. The White & Case team included lawyers in New York, Chicago, Los Angeles, Washington, Paris, and London.
Greenberg Traurig fielded a US-based team.
