Shearman & Sterling represented BE Aerospace, Inc on its $162 million acquisition of Satair A/S’s OEM distribution business. NASDQ-listed BE Aerospace is the world’s leading manufacturer of aircraft cabin interior products and the world’s leading distributor of aerospace fasteners and consumables. Satair is one of the worldwide leaders within sales and distribution of production parts and spare parts for aircraft maintenance and production.
The acquisition was structured as a share sale in the UK and includes a French subsidiary.
The Shearman & Sterling team of lawyers in the firm’s London, Paris and New York offices was led by M&A partner Creighton Condon and associate Sean Skiffington, together with partners Cyrille Niedzielski and Jacques Naquet-Radiguet, associates Richard Porter and James Simpson and Elise Mannent and trainee Mak Judge. Partners Iain Scoon and Bernie Pistillo, counsel Simon Letherman, and associates James Leslie and Anne-Sophie Maes provided tax advice. Other lawyers who advised BE Aerospace were competition partner Matthew Readings and real estate partner Clare Breeze, IP counsel Deborah Lincoln, environment counsel Mehran Massih and executive compensation & employee benefits counsel Sam Whitaker, as well as associates Françoise Even, George Milton and Nick Mumby. Trainees Richard Cameron and Nina Garnham also assisted.
