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Paris - Mayer Brown, a leading global law firm, advised LBO France and the Alvest management team on the acquisition of Alvest, a French industrial group and global leader of ground support equipment for airports, through its TLD subsidiary.

LBO France has signed a sale and purchase agreement together with Axa Private Equity, Equistone Partners Europe and the management team of Alvest for the company’s entire capital. This sale is subject to the agreement of the antitrust authorities of several countries and also of the CFIUS (Committee of Foreign Investment in USA), which can require from six weeks to three months.

LBO France is one of the most important investment funds in France, and also one of the precursors in this business, since it was created in 1985, and has acquired since then 87 companies for a value in excess of 16 billion euros.

The Mayer Brown team included:

  • Corporate: Xavier Jaspar and Serge Levine, partners
  • Tax: Olivier Parawan, partner.