14 January 2011
Hong Kong – Mayer Brown JSM, a leading global law firm, is pleased to announce that it advised SEACOR Capital (Asia) Limited ("SEACAP") in its minority investment in Hawker Pacific Airservices Limited.
SEACAP is a wholly owned subsidiary of SEACOR Holdings Inc., a diversified, multinational oil company that owns and operates marine and aviation assets primarily servicing the offshore oil and gas, industrial aviation and marine transportation industries. SEACAP acquired a minority stake by investing US$25 million into Hawker Pacific in exchange for newly issued common equity. The transaction was completed on 15 December, 2010.
Under the terms of the transaction, SEACAP has also appointed representatives to the Hawker Pacific Board of Directors and has invested in the company with the aim of helping to expand Hawker Pacific's business across the Asia Pacific and Middle East regions.
The Mayer Brown JSM team was led by corporate partners Stephen Bottomley and Jeremy Cunningham.