Hogan Lovells Advises Stellwagen on sale to Acasta

Hogan Lovells has advised new client Stellwagen group on the sale of its corporate group to Acasta Enterprises Inc. ("Acasta"), in a deal worth approximately US$270million plus contingent consideration, as part of an overall transaction for Acasta worth approximately US$900million.  Acasta has also committed to invest US$100million into Stellwagen's investment vehicles as part of the deal.  Stellwagen is headquartered in Dublin and provides best-in-class asset management, financial and technology solutions to the global aviation industry.

The deal is subject to certain conditions, including regulatory approval from the Ontario Securities Commission and the Toronto Stock Exchange and the approval of Acasta's shareholders.

The cross-practice team was led by London Corporate head, Ben Higson, supported by London-based partners Don McGown and Derek Meilman, senior associate Catherine Lah, associates Nothando Malaba and Ben Coleman and trainee Nagham Al-Turaihi; antitrust and competition partner, Mark Jones and associate Aniko Adam; tax partner, Karen Hughes, and counsel, Aaron Burchell; and New York debt capital markets partner, Lewis Cohen, and counsel, Edgard Alvarez.

Hogan Lovells worked closely with Canadian firm Blake, Cassels & Graydon, fielding a team led by partners Kate McGilvray and Norbert Knutel and including associates Andrew Thompson and David Bristow.

Commenting on the deal, Ben Higson said:

"We are delighted to have advised new client Stellwagen on the next stage in its growth plan and are very much looking forward to working with the team there as they work towards closing this transformative transaction for the group."

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