Freshfields Bruckhaus Deringer LLP has advised Dubai Aerospace Enterprise (DAE) on its definitive agreement to sell 100% of StandardAero to an affiliate of Veritas Capital.

International law firm Freshfields Bruckhaus Deringer LLP has advised Dubai Aerospace Enterprise (DAE) on its definitive agreement to sell 100% of StandardAero to an affiliate of Veritas Capital. DAE and Veritas Capital announced the deal on Thursday.

Founded in 2006, DAE is a globally recognized aerospace company specializing in maintenance, repair and overhaul (MRO) services, aircraft completions and aircraft leasing. The company is headquartered in Dubai and operates in four continents and employs approximately 3,500 people.

Veritas Capital is a leading private equity firm that invests in companies that provide critical products and services to government and commercial customers worldwide including those operating in aerospace & defense, healthcare, technology, national security, communications, energy and education.

The Freshfields deal team was led by partner and US corporate group head Matthew Herman, global co-head of M&A Peter Lyons and head of London corporate Simon Marchant, with support from corporate associates Justin Rosenberg and Sebastian Alsheimer. Capital markets partner Michael Levitt and finance associate Mel Muscat advised on the leveraged finance aspects of the transaction. Tax partner Robert Scarborough and associate Reed Carey advised on tax matters. Antitrust advice was provided by partner Bob Schlossberg and associate Jan Rybnicek. Associates Christine Laciak and Stephanie Brown Cripps advised on national security matters, and partner Howard Klein advised on employee benefits.