Carey Olsen supports Ventiga on acquisition and merger of Airpas and FuelPlus
Carey Olsen's corporate team in Jersey has advised UK-based independent private equity firm Ventiga Capital Partners on the acquisition and funding for a combined group created through the merger of Airpas Aviation and FuelPlus.
The merger sees Airpas Aviation, the leader in cost management for airport, ground handling and navigation charges join with FuelPlus, the industry leader in fuel administration and cost management for airlines.
Headquartered in Germany, Airpas and FuelPlus have, between them, 40 years of experience in the aviation industry, serving 103 airlines across 27 countries and four continents. They annually manage more than USD76 billion of flight charges and over 28 per cent of commercial jet fuel consumption.
Working alongside lead onshore counsel Hogan Lovells, the Carey Olsen team advising Ventiga Capital Partners on all Jersey-related corporate and regulatory aspects of the acquisition and financing of the merger was led by partner James Mulholland, with assistance from counsel Claire Le Quesne.
Mulholland says: "Carey Olsen is delighted to have supported Ventiga on such a significant transaction in the aviation industry, and one that brings together two companies at the forefront of software development in the sector."