Transaction Reports Advanced Inflight Alliance PAR Capital Management, Inc. sells
Advanced Inflight Alliance to Global Eagle Acquisition Corp.
Financial advisors to Global Eagle:
PAR Capital sells Advanced Inflight Alliance to Global Eagle Acquisition Corp
Legal advisors to PAR Capital Management, Inc.: Legal advisor to Global Eagle:
Global Eagle Acquisition Corp. announced the signing of definitive agreements under which Global Eagle will acquire Row 44, Inc. (Row 44) and approximately 86% of the issued and outstanding shares of Frankfurt-listed Advanced Inflight Alliance AG (GR: DVN1) (AIA) to create the largest entertainment and connectivity platform for the worldwide airline industry. AIA is the leading supplier of games, movies, general entertainment and applications to the airline industry, serving more than 130 airlines worldwide. Row 44 is a leading satellite-based broadband service provider to the global airline industry, with its inflight entertainment connectivity system currently installed on more than 400 aircraft that operate over land and sea worldwide.
Following the closing, Global Eagle will own 100% of the equity of Row 44 and approximately 86% of the issued and outstanding shares of AIA, and be renamed Global Eagle Entertainment Inc. Global Eagle intends to apply to list its shares of common stock on the Nasdaq Stock Market under the symbol "ENT."
SJ Berwin advised PAR on all aspects of the sale of AIA and particular German issues relating to insider dealing and the recently closed tender offer in the overall transaction. Against all challenges resulting from the listing of AIA, SJ Berwin successfully supported the first acquisition of a German entity by a SPAC. Capital market expert Christian Cornett, who also advised PAR on several PIPE transactions and the takeover offer with respect to AIA, led the SJ Berwin team on the German side, which also involved tax and competition advice.
Amira Nature Foods
New York Stock Exchange October 2012
Amira Nature Foods IPO Joint book-running managers:
Amira Nature Foods IPO Lead manager:
Amira Nature Foods (ANFI), a global provider of packaged Indian specialty rice, recently announced the pricing of its IPO of 9,000,000 shares at $10.00 per share. The shares will be listed on the New York Stock Exchange and traded under the symbol “ANFI.” The underwriters have a 30-day option to purchase up to an additional 1,350,000 shares from the Company to cover over-allotments.
Legal advisors to Amira Nature Foods:
The company sold six million shares at a price that was 40% lower than the midpoint of the proposed $9-$11 price range.
UBS Securities and Deutsche Bank Securities are acting as joint book-running managers of this offering. Jefferies is acting as lead manager and KeyBanc Capital Markets is acting as co-manager.
Amira sells packaged Indian specialty rice in over 40 countries with most of its revenue coming from sales of premium Indian basmati rice. Amira sells its products through retailers such as Carrefour SA (
CARR.PA), Costco (COST.O) and India's Big Bazaar.
Legal advisors to the Underwriters:
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