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Spain Private equity

5 May 2010

Cuatrecasas picks up €350m KKR deal

Cuatrecasas Goncalves Pereira has acted for US private equity house Kohlberg Kravis Roberts & Co (KKR) on the €350m purchase of a stake in a Spanish helicopter company. KKR has agreed to take a 49.9% stake in Inaer Aviation Group, which provides on shore helicopter flying services and maintenance and engineering services, from Italian owner Investindustrial, which will keep the remaining 50.1% holding. Cuatrecasas’ team was led by Javier Villasante and the firm worked alongside long-established KKR US counsel Simpson Thacher & Bartlett. Iberian rival Uria Menendez was counsel to the seller. Ignacio Albinana was part of Uria’s advisory line-up.