Maples and Calder Advises Avolon on Sale to China's Bohai in $7.6bn Deal
15 Sep 2015
Under the agreed terms of the deal, Bohai will pay US$31 per common share in Avolon Holdings Limited ("AHL"), the holding company of the Avolon group which is listed on the New York Stock Exchange, representing a 55% premium on AHL's initial public offering price of US$20 per share in December 2014.
The transaction is structured as a merger using the provisions of the Cayman Islands Companies Law, and is expected to close by the first quarter of 2016, subject to customary closing conditions.
Alasdair Robertson, Global Head of Finance at Maples and Calder, commented: "This high-profile transaction, with its complex multi-jurisdictional structure, exhibits and further deepens Maples and Calder's unrivalled experience in acting on mergers and acquisitions in the aviation sector. Our global team has been able to draw on their experience in the Cayman Islands and Ireland and we are very pleased to have been able to assist our long-standing client, Avolon, with this important transaction."
Maples and Calder's Cayman Islands team comprised partners, Alasdair Robertson and Jonathon Meloy and counsel, Nicola Bashforth in the Cayman Islands office, in addition to partner, Nick Evans in the London office. The Irish team comprised partner, Ed Miller and associate, Mark Roberts (Corporate), as well as partner, Will Fogarty (Tax).
Partner Cayman Islands
T: +1 345 814 5412
Group Partner Jersey
T: +44 20 7466 1662
T: +353 1 619 2028
T: +353 1 619 2730
T: +44 20 7466 1699