Advised Exponent Private Equity on the £145.8m acquisition of Pattonair from Umeco plc
Pattonair is a global aerospace and defence supply chain service provider. Founded in the UK in 1970, the company has around 780 employees and facilities in France, Italy, Germany, Singapore, China and the US. The company provides value-added distribution and supply chain outsourcing services to customers in the aerospace and defence market, specialising in the supply of small and medium components. Notable customers include Rolls Royce plc, BAE Systems and Thales Aerospace.
Travers Smith acted as international counsel to Exponent Private Equity and coordinated a multi-jurisdictional team of independent law firms across four continents. The work included complex due diligence of business critical contracts and the clear presentation, in a single document, of issues arising. In the US, work included specialist regulatory advice that became a condition to the acquisition.
Exponent Private Equity is a long standing client of Travers Smith, with many of the transactions on which we have acted for them involving significant cross-border elements.
“Over several years we have used Travers Smith extensively for specialist English law advice and have always found their high calibre lawyers to be very responsive, commercially-minded and client-focussed. Importantly, they are also easy and very pleasant to work with.”
Partner, leading independent US law firm