StandardAero’s Acquisition of Vector Aerospace Holding SAS


Skadden is advising StandardAero, which announced on July 5 that it entered into exclusive negotiations to acquire Vector Aerospace Holding SAS, a subsidiary of Airbus SE that is a global aerospace MRO (“maintenance, repair and overhaul”) company providing responsive, quality support for turbine engines, components and fixed- and rotary-wing aircraft.

Terms of the negotiations were not disclosed.

Vector is a global aerospace maintenance, repair and overhaul company, providing responsive, quality support for turbine engines, components, fixed- and rotary-wing aircraft. A truly international company, it generated revenues of US$ 704.8 million in 2016 and employs approximately 2,200 people in 22 locations across Canada, the United States, the United Kingdom, France, Kenya, South Africa, Australia and Singapore.

The proposed transaction is subject to workers’ council consultation, signing of definitive agreements and customary approvals, such as regulatory clearances.

The Skadden team includes: M&A partner Kenneth Wolff and associates Alexander Kovriga(Moscow), Jonathan Conigliari and Patrick Tomlinson; Corporate counsel Arash Attar-Rezvani(Paris) and associate Patrick Dupuis (Paris); Banking partner David Kitchen (Los Angeles) and counsel Mark Steinman (Toronto); Corporate Finance partner Michelle Gasaway (Los Angeles); Tax counsel Paul Schockett (Washington, D.C.); Antitrust and Competition Partner Kenneth Schwartz; Executive Compensation and Benefits partner Erica Schohn and counsel Dmitriy Chelnitsky.

Involved fees earner: Kenneth Wolff – Skadden Arps Slate Meager & Flom; Alexander Kovriga – Skadden Arps Slate Meager & Flom; Jonathan Conigliari – Skadden Arps Slate Meager & Flom; Patrick Tomlinson – Skadden Arps Slate Meager & Flom; Arash Attar-Rezvani – Skadden Arps Slate Meager & Flom; Patrick Dupuis – Skadden Arps Slate Meager & Flom; David Kitchen – Skadden Arps Slate Meager & Flom; Michelle Gasaway – Skadden Arps Slate Meager & Flom; Paul Schockett – Skadden Arps Slate Meager & Flom; Kenneth Schwartz – Skadden Arps Slate Meager & Flom; Erica Schohn – Skadden Arps Slate Meager & Flom; Dmitriy Chelnitsky – Skadden Arps Slate Meager & Flom;

Law Firms: Skadden Arps Slate Meager & Flom;

Clients: StandardAero;