King & Wood Mallesons has advised the US listed TransDigm Group (TransDigm) on its acquisition of the international Telair Group (Telair) for a provisional purchase price of $725 million from AAR Corp (also listed in the US).

Telair is a leading global manufacturer of on-board lifting, loading and handling systems as well as restraint systems and transport containers for the aerospace industry. The largest operating unit headquartered in Miesbach, Germany, is Telair International GmbH with some 60% of turnover and a higher percentage of the group’s profit. Telair also has shareholdings in Sweden and Singapore, subsidiaries and joint venture companies belonging to the Nordisk Group in Norway, Singapore, Hong Kong and China, as well as further operating units out of AAR Corp.´s former cargo business.

TransDigm, through its wholly-owned subsidiaries, is a leading global designer, producer and supplier of highly engineered aircraft components for use on nearly all commercial and military aircraft in service today.

"To have advised our long-term client TransDigm – alongside BakerHostetler in the US and our international teams in multiple other jurisdictions – on this highly complex transaction demonstrates once again our strengths in cross-border transactions and emphasises our expertise in the aerospace sector", commented lead partner Michael Cziesla on the transaction.

Counsel to TransDigm:

King & Wood Mallesons, Germany

Michael Cziesla (lead partner), Norman Wasse (associate, both Corporate, Frankfurt), Manuela Finger (partner), Miriam Siegle (associate, both IP/IT, Frankfurt), Barbara Geck (partner), Franziska Fiedler (associate, both Employment, Frankfurt), Lars Reubekeul (partner), Johanna Leitzke-Schmid (associate, both Real Estate, Munich), Clemens Niedner (partner), Michael Beyer (associate, both Finance, Frankfurt), Markus Hill (partner, Tax, Frankfurt), Francis Bellen (partner), Karsten Rahm (associate, both Dispute Resolution, Frankfurt), Tilman Siebert (partner), Helge Aulmann (associate, both EU/Competition, Munich)

King & Wood Mallesons, London

Mark Sanders (Partner), Dominique Manguiat (Associate, both Corporate, London)

King & Wood Mallesons, China

Mark Schaub (partner), Atticus Zhao (associate), Yue Yang (associate, all Corporate), Liya Zhang (associate, Employment) and Shirley Sun (associate, IP/IT, all Shanghai)

King & Wood Mallesons, Hong Kong

Raymond Wong (partner), Sherman Chan (associate), Collin Wong (associate, all Corporate)

BakerHostetler, USA

John Gherlein, John Allotta (both partner), Matthew Olivier (associate, all Corporate, Cleveland)

Magnusson, Sweden/Norway

Anders Bäckman (partner), Jennie Thingwall (associate, both Corporate, Stockholm), Naja Dannow (partner), Thea Fürst Tyvold (associate, both Corporate, Oslo)

Allen & Gledhill, Singapore

Tan Wee Meng, Chiam Tao Koon (both partner, Corporate).