Ashurst advised Chequers Capital XV FPCI, a professional private equity investment fund represented by its own management company Chequers Partenaires SA, on the disposal of Accelya, a leading provider of financial and commercial solutions to the airline industry, to Warburg Pincus, a global private equity firm.

Accelya and Mercator, a global provider of product-enabled solutions to the travel and transportation industry, controlled by Warburg Pincus, announced on 4 February 2017 their intention to combine.

The transaction is expected to close in the first quarter of 2017.

The Ashurst Paris team was led by corporate partner Yann Gozal, assisted by associates Margaux Bognon-Küss and Simon Dievart; tax partner Nadine Gelli and counsel Priscilla van den Perre; finance partner Stéphanie Corbière and competition partner Michaël Cousin.