Allen & Gledhill and Latham & Watkins have advised Singapore-based ground handler SATS on its $1.14 billion acquisition of French cargo-handling company Worldwide Flight Services (WFS), with Linklaters acting for seller Cerberus Capital Management.
The combined entity's network covers trade routes responsible for more than 50 percent of global air cargo volume, Reuters reported. The deal would propel the group to the number one spot in an industry that includes aviation services firm Swissport and global airport and travel services business, Reuters added.
The Allen & Gledhill team was led by partners Christopher Ong, Leonard Ching, Scott Clements, Michele Foo, and Yap Lune Teng.
Meanwhile, the Latham team included Singapore partners Sharon Lau, Michael Sturrock, and Timothy Hia; Washington partner Damara Chambers; Brussels partner Luca Crocco; Frankfurt partner Max Hauser; London partner Sarah Gadd, Quentin Gwyer, Paul Davies and Karl Mah; New York partner Jane Greyf; Paris partner Charles-Antoine Guelluy; and Orange County partner Christopher Norton.
The Linklaters team was led by London partners Tracey Lochhead and Robert Cleaver.
