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MAGNUSSON ADVISES TRANSDIGM GROUP INC ON SWEDISH AND NORWEGIAN ASPECTS OF ACQUISITION OF THE TELAIR CARGO GROUP

2015-04-01

Magnusson has, alongside BakerHostetler (USA) and King & Wood Mallesons (Germany, UK), advised TransDigm Group Incorporated (NYSE: TDG) on its acquisition of the Telair Cargo Group of businesses, from AAR CORP. (NYSE: AIR), for the total purchase price of approximately $725 million in cash, subject to adjustment. The firm has advised on the Swedish and Norwegian law aspects of the transaction.

Telair is a global leader in aerospace on-board cargo loading and handling, restraint systems and unit load devices for a variety of commercial and military platforms with positions on a wide range of new and existing aircraft. The business consists of three major operating units, Telair International GmbH, Nordisk Aviation Products, and Telair US LLC.

TransDigm Group, through its wholly-owned subsidiaries, is a leading global designer, producer, and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service.

Magnusson’s team included Anders Bäckman (lead partner), Gustaf Leijonhufvud (Corporate, Finance), Naja Dannow (Corporate, Kluge in cooperation with Magnusson), Karolin Eklund (Corporate, Commercial), Jennie Thingwall (Corporate), Johan Molin (Dispute), Åsa Persson (IP/IT), and Mia Lagerqvist (Real Estate).

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