Sherpa Capital to acquire a stake in Albastar
Sherpa Capital, the private equity fund management company in Spain, is to acquire a majority stake in Albastar, the airline company that carries out scheduled and charter activities.
The announcement follows the confirmation by Cofides of a €15 million loan to the company.
The transaction involved Martínez Echeverría, as advisors to Cofides, and Squire Patton Boggs as advisors to Sherpa Capital.
Sherpa Capital, with the agreement of Cofides, will be the majority shareholder to provide Albastar with the required capital to meet its plan and sustain its growth in the coming years.
Squire Patton Boggs advised Sherpa Capital with Pablo Garcia, Teresa Zueco, Mónica Sebares and Luís Gutierrez.