Clifford Chance

Clifford Chance advises GKN on its acquisition of Volvo Aero

Leading international law firm Clifford Chance is advising GKN on its acquisition of Volvo Aero for £633m. The acquisition will create a world leader in both aero structures and aero engine components. The transaction is expected to complete during the third quarter, subject to regulatory approvals.

Clifford Chance also advised on the debt financing on the deal as well as the equity fund raising of £140m, which represents approximately 5% of GKN's current market capitalisation.

Corporate partner Tim Lewis led the team advising this long standing client along with Lee Coney and assisted by senior associate Amanda Keelan.  Finance partner Richard Sharples advised on the debt side.