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Arnold & Porter Advising Wheels Up on Acquisition of Air Partner

March 10, 2022

Arnold & Porter is advising Wheels Up Experience Inc on all aspects of its acquisition of London Stock Exchange-listed Air Partner plc.

Wheels Up will acquire the share capital of Air Partner for 125 pence per share, equivalent to an enterprise value of approximately $107 million. The acquisition is expected to close later in the first quarter subject to shareholder and regulatory approvals. The acquisition of Air Partner will enable Wheels Up to expand its international service offerings.

This transaction highlights Arnold & Porter’s deep experience in both the US and UK markets and the firm’s ability to support our clients on such cross-border mergers and acquisitions.

Wheels Up is a long-time firm client with a relationship led by John Geelan and Tom Yadlon. London corporate partner, Jeremy Willcocks, led the inter-office and cross-practice area team for this transaction along with NY corporate partner, Tom Yadlon.

The team also included associates Emelia Hunt, Tom Wilson and Kristen Acosta on corporate issues; partners Laurie Abramowitz and Uri Horowitz, senior counsel Jeffrey London, and associates Gus Weinkam, Megan Juel, and Kathryn Geoffroy on tax and employee benefits issues; partner John Schmidt, counsel Justin Hedge, senior associate Zeno Frediani, and associate Abbie Coombs on antitrust issues; counsels Nancy Perkins and James Castro-Edwards on data privacy issues; partner Henry Clinton-Davis on labor and employment issues; partner Michael McGill on government contracts and national security issues; and Paul Llewellyn on intellectual property issues.