Hogan Lovells provides advice to Investindustrial on disposal of Avincis
Hogan Lovells has advised Investindustrial Group on the disposal by Investindustrial Group and KKR of the Avincis Group to Babcock International Group for an enterprise value of approximately €2bn (£1.7m).
The Avincis Group is a supplier of mission-critical helicopter and fixed-wing services, as well as critical offshore crew-change helicopter services to the oil and gas industry in the North Sea and Australia.
Babcock, a UK engineering support services company, will acquire the entirety of the issued share capital of Avincis.
The Hogan Lovells team advising Investindustrial Group was led by private equity partner Ed Harris, with senior associates Leanne Moezi and David Harrison.
Hogan Lovells also recently advised Investindustrial, through its subsidiary World Park Holdings, on the disposal of a 49.9 per cent stake in PortAventura, an entertainment park and destination resort in southern Europe, to KKR.
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