Sale of aviation companies to Sierra Nevada Corporation
An international team of our attorneys recently represented the owners of 328 Group Limited on the successful sale of their aviation companies to Sierra Nevada Corporation (SNC). SNC is an American prime systems integrator and electronic systems provider and one of the world’s fastest growing and most successful aerospace companies. The transaction includes the Type Certificate for Dornier 328 aircraft and other Dornier-related assets.
The transaction involved parties in the US, the UK and Germany. UK-based 328 Group Limited controls Germany-based 328 Support Services GmbH and 328 Design GmbH, and owns the Type Certificate and intellectual property rights for design, manufacturing, maintenance and certification of the 200+ existing Dornier 328 turboprop and jet aircraft variants. These are intended to synergize with licenses owned by SNC for modernization technologies including multi-mission applications for the aircraft type ranging from transport and cargo to surveillance and medical use.
Managing Directors of 328 Support Services GmbH, Dave Jackson and Tony Shakesby, who remain involved in the business under its new ownership, appreciated the role our outside counsel played in supporting the owners.
“Their industry know-how combined with a commitment to achieving the result we wanted was outstanding. We would not have done the deal in such a timely fashion—a most difficult transaction in many ways—without our outside counsel’s legal team,” remarked Jackson.
The deal allowed the firm to demonstrate the quality of its offering and the benefits of its integrated international teams coming together on a multi-jurisdictional project to provide excellent service and a successful outcome for its clients. This international aspects involved attorneys from our UK, US and German offices.
“The ability to harness their team cohesively across their London, New York and Frankfurt offices distinguished our outside counsel and was a major factor in the successful outcome,” Shakesby added.