Ashurst advises Babcock International on sale of its aerial emergency services business
19 July 2022
19 July 2022
These businesses provide aerial emergency medical services, firefighting and search & rescue to customers and communities in Italy, Spain, Portugal, Norway, Sweden and Finland. They employ over 2,400 highly trained employees and operate a fleet of 231 aircraft across 164 operational locations in the six countries. Babcock will retain its aerial emergency services businesses in its focus countries of the UK, France, Canada and Australia, where the Group also operates defence businesses.
Commenting, Babcock relationship partner and Ashurst Chair, Karen Davies said: "We are delighted to have advised Babcock on another significant transaction as part of its wider strategy to align its portfolio."
The Ashurst team was led by corporate partners Jacob Gold and Markjan van Schaardenburgh, assisted by senior associate Nick Lever, and associates Matthew Vine, Gareth Mair, Ria Shah and Clara Yeo. Partners Fabio Niccoli, Carloandrea Meacci and Elena Giuffrè and senior associate Andrea di Rosa assisted from an Italian corporate perspective and partner Jorge Vázquez, senior associate Camilo Luna and associate Beatriz Aizpún advised from a Spanish corporate perspective. French corporate law advice was provided by partners Noam Ankri, Anne Reffay and Jacques Dabreteau. Banking advice was provided by partner Tim Rennie.
Partners Denis Fosselard and Rafael Baena and senior associates Danica Barley and Giulia Carnazza advised in relation to competition law matters. Partner Christopher Bates and senior associate Richard Holmes advised in relation to commercial law matters. Tax advice was provided by partner Tim Gummer, senior associate Shayaan Zaraq Bari and associate Oliver Passmore. Partner Ruth Buchanan, senior associate Hannah Martin and associate Emily Bodger advised in relation to employment law. Counsel John Gordon and senior associate Rebecca Servian also advised in relation to pension and incentive matters.