Consortium’s Acquisition and Recapitalisation of Aviation Training Holdings Pty Ltd

Clifford Chance has advised the consortium on the deal.

The consortium comprising Bain Capital Credit, Arcadia Capital and affiliates of the leadership team of Bridger Aerospace Group was involved in the acquisition and recapitalisation of Aviation Training Holdings Pty Ltd, the global operator of flight simulation training services provider Ansett Aviation Training (AAT).

The funds provided by the consortium were applied to acquire 100% of the shares in AAT and facilitated a recapitalisation of its balance sheet, including both a reduction of its existing debt levels and the investment of additional capital. That recapitalisation involved the repayment or amendment of six separate financing arrangements across Australia, Italy and Taiwan.

AAT is a global provider of flight simulation training services, and simulator housing and maintenance services. It has facilities in Brisbane, Melbourne, Milan and Taiwan and is the largest independent provider of simulation services in Australia.

In Australia, partners Mark Gillgren (Picture) and Elizabeth Hundt Russell, counsel Cameron Reeves and senior associate Zoe Anderson acted as lead transactional counsel. London associate Tom Marr provided additional restructuring counsel from Clifford Chance London. In Milan, counsel Chiara Commis, senior associate Carolina Piovano, associate Francesco Napoli and in Dubai, associate Benedetta Tola advised on the Italian aspects of the deal.

Involved fees earner: Zoe Anderson – Clifford Chance; Chiara Commis – Clifford Chance; Mark Gillgren – Clifford Chance; Elizabeth Hundt Russell – Clifford Chance; Tom Marr – Clifford Chance; Francesco Napoli – Clifford Chance; Carolina Piovano – Clifford Chance; Cameron Reeves – Clifford Chance; Benedetta Tola – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Bain Capital Credit; Bridger Aerospace Group ;

Giulia Di Palma

Author: Giulia Di Palma