AmSafe Global Holdings, Inc., a world leading supplier of innovative, highly engineered and proprietary safety and restraint equipment used primarily in the global aerospace industry, announced that it has reached agreement to be purchased by TransDigm Group Incorporated for $750 million. Global firm Weil, Gotshal & Manges was counsel to AmSafe on the all-cash transaction, which is expected to close before the end of the second quarter of fiscal 2012, subject to regulatory approvals and customary closing conditions.
AmSafe is best known for its proprietary aviation passenger seatbelts and airbags. AmSafe’s products are on virtually all of the world’s airlines with products certified and installed on more than 90% of the aircraft produced globally. TransDigm is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.
The Weil team included Corporate partners David Duffell, Shayla Harlev, Kelly Dybala, and Annemargaret Connolly; Tax partners Scott Sontag, Joanne Etherton, and Amy Rubin; Litigation partners Patrick O’Toole and John Scribner; Corporate counsel Arlene Hahn; Corporate associates Stephen Vander Stoep, Ignacio De la Huerta, Mariel Dator, Andrea Bidegaray, Violetta Kokolus, and Lynn Bodkin; Tax associates Max Goodman, Adam Mendelowitz and Joey Juhn; and Litigation associates Matthew Morton, Caroline Simons, and Christopher Farmer.