Ashurst advised private equity house LGV Capital and its portfolio company Air Energi Group Limited on Air Energi's  merger with Swift Worldwide Resources to form Airswift Holdings Ltd.

The new company, specialising in global workforce solutions for the energy, process and infrastructure industries, will have a turnover of $1.2bn and a total of 57 operating locations. Employing more than 800 people globally and managing a deployed workforce exceeding 6,000 worldwide, Airswift will have three corporate hubs in Manchester, Houston, and Singapore.

The transaction is structured as an all-share merger, backed by LGV Capital and Swift Worldwide Resources' owner Wellspring Capital Management.

The Ashurst team was led by private equity partner Bruce Hanton assisted by solicitor Jacob Gold. Competition partner Neil Cunninghame also advised on the transaction.