Clifford Chance

Clifford Chance advises Alba on its investment in Atlantic Aviation

Clifford Chance has advised Corporación Financiera Alba, S.A. (“Alba”) in reaching an agreement to acquire a direct stake of approximately 12% in KKR Apple Holdings Corporation (“Apple Holdings”), a US company majority-owned by funds and accounts managed and advised by KKR, for a total consideration of US$ 350 million.

Alba expects to hold an indirect stake of approximately 12% in Atlantic Aviation FBO Holdings L.L.C. (“Atlantic Aviation”), upon the closing of the acquisition of Atlantic Aviation by Apple Holdings agreed with Macquarie Infrastructure Corporation (NYSE: MIC) for US$ 4.475 billion in cash and assumed debt and reorganization obligations. Atlantic Aviation is a leading fixed base operator (FBO). It manages 69 FBOs at airports across the United States and is one of the only two operators with a national footprint.

Clifford Chance advised the client with a multidisciplinary and cross-border team that included professionals from Clifford Chance's Madrid, New York and Luxembourg offices. The Clifford Chance team was led by Jorge Martín Sainz and Samir Azzouzi.