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Deal Date: 18-07-2014 Practice Area: Corporate and M&A
Deal Title: ACE Management/IRDI Acquisition of Cassidian Test and Services Industry: General Industrials
Description:
King and Wood Mallesons SJ Berwin advised ACE Management and IRDI (Institut Regional de Developpement Industriel de Midi-Pyrenees) on the acquisition of a majority stake in Cassidian Test and Services group. Previously owned by Airbus Group, Cassidian Test and Services, renamed Spherea Test and Services, specialises in the development, manufacturing and maintenance of test equipment. Headquartered in Toulouse (France) the group employs around 500 people in France, Germany and in the United Kingdom, and generated an annual turnover of EUR103 million in 2013. The King and Wood Mallesons SJ Berwin team was composed of Corporate partners Christophe Digoy, Pierre-Louis Sevegrand-Lions and associate Chloe Vu Thien, with Finance partner Olivier Vermeulen and associate Tereza Courmont-Vlkova, as well as with Tax partner Fanny Combourieu and associate Sarah Mordoff.
Financial Center: Paris Value: 0.00-0.00
Advised Party: Acquiror Law Firm
Target Company Jurisdiction: France Acquiror Jurisdiction: France
Classification: Strategic Buyer Acquisitions Private Company
Lawyer Christophe Digoy