Clifford Chance advises Alba on its $350m investment in Atlantic Aviation

Clifford Chance has advised Corporación Financiera Alba, S.A. on its acquisition of a direct stake of approximately 12% in KKR Apple Holdings Corporation for a total consideration of $350 million

Apple Holdings Corporation is a US company majority-owned by funds and accounts managed and advised by KKR.

Alba expects to hold an indirect stake of approximately 12% in Atlantic Aviation FBO Holdings L.L.C., upon the closing of the acquisition of Atlantic Aviation by Apple Holdings agreed with Macquarie Infrastructure Corporation for $4.475 billion in cash and assumed debt and reorganisation 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´s Madrid office team was led by partner Samir Azzouzi (pictured left) and associate Jorge Martín Sainz (pictured right).