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Tuesday, May 21, 2024

Cuatrecasas, Deloitte guide the closing of Latécoère´s acquisition of MADES

Latécoère, advised by Deloitte Legal, has closed the acquisition of Malaga Aerospace, Defense & Electronics Systems (MADES) from American Industrial Acquisition Corporation (AIAC) via its affiliate Malaga Electronic Systems Holding Company (MESH), counselled by Cuatrecasas

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Latécoère, a “Tier 1” international partner of the world’s major aircraft manufacturers, today announces the closing of the acquisition of Malaga Aerospace, Defense & Electronics Systems (MADES).

Further to the announcement of the signing of the acquisition of Malaga Aerospace, Defense & Electronics Systems from American Industrial Acquisition Corporation (AIAC) via its affiliate Malaga Electronic Systems Holding Company (MESH) in 2021, Latécoère has announced the closing of the transaction. The acquisition of MADES was subject to the approval by the Spanish Council of Ministers pursuant to defence foreign direct investment regulations, which has now been secured.

MADES is developing Latécoère’s position in the US Defense market segment and will create significant synergies within Group’s Interconnection Systems division as well as reinforcing the Company’s #1 position for avionic racks.

The acquisition of was subject to the approval of the Spanish Ministry of Defence and by the Spanish Council of Ministers pursuant to defense foreign direct investment regulations, which has now been secured.

Cuatrecasas advised MESH (AIAC´s affiliate) with a team made up of Corporate/M&A partner Isabel Gandoy, principal associate Elena Ibisate and associate Mario Mas Palacios.

Deloitte Legal advised Latécoère with a team led by Tax partner José María Gómez Rosende, senior manager Sergio Ramírez Soto and associate Marta Artiles Jiménez.

The deal aso counted on the advice from Mariscal and KPMG Spain

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