Jeantet advises Apollo on its €500 million investment in Air France-KLM
Paris, July 19, 2022, Jeantet advises Apollo Global Management on the signing of a final agreement for a €500 million investment in a subsidiary of Air France-KLM.
Apollo Global Management and Air France-KLM announced that they have entered into a final agreement relating to the issuance of perpetual super-subordinated notes, fully subscribed by Apollo Global Management’s funds under management, to an Air France-KLM subsidiary holding a pool of spare engines for use in the engineering and maintenance operations of the Air France-KLM group. This transaction, worth a total of €500 million, is part of the recapitalization measures announced by Air France-KLM on February 17.
Jeantet’s team was composed of Karl Hepp de Sevelinges (Partner), Marianne Chevallier (Counsel), Guillaume Fornier (Counsel) and Georges-Dominic Sardi (Associate), for M&A, Jean-François Adelle (Partner) and Thibault Mercier (Associate), for financing, Jean-Guillaume Follorou (Partner) and Gabriel di Chiara (Counsel), for tax, as well as Estelle Laurent (Partner), for restructuring.
Air-France KLM was advised by Skadden, Arps, Slate, Meagher & Flom LLP, with Armand W. Grumberg (Partner), Thomas Perrot (Partner), Guillaume Goubeaux (Counsel) and Pierre-Hadrien Darriet (Associate).