21st August 2015
Surrey law firm Mundays advised the shareholders of Baines Simmons Limited in a £6 million buyout by London Stock Exchange-listed aviation services group, Air Partner PLC.
Headquartered at Fairoaks Airport in Surrey, Baines Simmons, founded in 2001, specialises in aviation regulations, compliance and safety, and advises over 750 aviation organisations and more than 40 aviation authorities. Clients include British Airways, Virgin Atlantic, Rolls Royce, Airbus and Royal Air Force to name a few. The business will continue to be managed by its current executive team.
This buyout comes as the regulatory framework around safety in the skies tightens and operators have to be more accountable than ever - creating an increased need for Baines Simmons’ services.
The Mundays’ transaction team was led by Head of Corporate and Commercial, Neale Andrews, who was supported by Head of Employment, Andrew Knorpel; Corporate Partner, Alex Young; Solicitors, Robert Jones and Edward Moss; trainee, Annika Bell; and paralegal, Sophie Wallace. DLA Piper UK advised Air Partner in the transaction.
Commenting on the deal, Neale Andrews from Mundays, said: “This was an important transaction that all parties were keen to progress quickly. We are proud to have played a key role in delivering a fantastic result for the Baines Simmons shareholders and Air Partner alike. Air Partner has acquired a significant aviation safety consultancy with an impressive portfolio of clients and has strong growth plans for the business.
“Mundays has a significant body of experience in advising clients in the aviation and logistics sector and advising on corporate and business transactions. We work closely with our clients to provide an effective service across a full range of business law services; this transaction is a very good example of the different teams’ working together to achieve a very good result for our clients. .”
Baines Simmons Chief Executive, Andrew Parker, added: “As a SME Surrey based business, we needed a professional, flexible and responsive legal advisor to manage our transaction to a tight timetable and deliver a successful conclusion. Neale Andrews and his team supported us all the way, advising, managing and delivering a sale agreement that has met the full needs of our shareholders, whilst transacting with a major international firm of lawyers acting on behalf of the buyers. We are very pleased with the service Mundays has given us.”
Andrew Knorpel serves a number of recent developments across a variety of areas in employment law and practice
Sophie Banks looks into the further important decision relating to the employment status of “gig economy” workers.
Gemma James looks at premises sharing for suppliers who need to meet the expectation of a swift despatch and delivery by being in multiple locations