Global law firm Clifford Chance advises IFM Investors on the acquisition of a 75% stake of Air Rail, the largest airport ground support equipment (“GSE”) owner and lessor in Spain and Portugal.
Air Rail is a leading provider of GSE leasing and maintenance services in Spain and Portugal, serving customers at over 50 European airports. With more than 120 employees in Spain and headquartered in Madrid, Air Rail manages a fleet of more than 4,000 GSE units (including boarding stairs, pushback tractors, and baggage carts) and offers full service rental.
The multidisciplinary Clifford Chance team advising on the transaction is led by Private Equity / M&A partner Javier Amantegui, with the support of senior associates Patricia Puertas and Javier Montañes, alongside associates Josep Massana, Juan Ibarra and José Loring. Counsel Jorge Martín-Fernández advised on the employment aspects of the transaction. Partner Epifanio Pérez, alongside partner Nicholas Kinnersley and senior associate Ignacio Magariños coordinated all financing aspects of the transaction. Antitrust matters were coordinated by senior counsel Begoña Barrantes, together with associate Luisa Morely, while senior associate Octavio Canseco lead on all regulatory aspects of the transaction. Other specialist team members also supported IFM on the transaction, ensuring seamless cross-practice execution.
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