Slaughter and May is advising Signature Aviation plc on the recommended cash offer for the entire issued and to be issued ordinary share capital by a consortium comprising: funds advised by Blackstone Infrastructure Advisors L.L.C. and by Blackstone Core Equity Management Associates L.L.C.; Global Infrastructure Management, LLC and its affiliates; and Cascade Investment, L.L.C. The proposed acquisition was announced on 5 February 2021, following a previous announcement on 11 January 2021 of the recommended cash offer for Signature Aviation plc by Global Infrastructure Management, LLC and its affiliates on a standalone basis.
Under the terms of the acquisition, each ordinary shareholder will be entitled to receive the sterling equivalent of $5.62 per ordinary share in cash, being 411 pence per share based on the exchange rate on the business day prior to announcement. The acquisition values the entire issued and to be issued ordinary share capital of Signature Aviation plc at approximately $4,727 million and is expected to complete in the second quarter of 2021, subject to receipt of certain shareholder, antitrust and regulatory approvals.
Slaughter and May is supporting the General Counsel, Maria Garton, and Company Secretary, David Blizzard.
Annabel Allen / Trainee, Divya Pathak / Trainee, Natasha Voake /Trainee, Adam Waring / Trainee