MPR|Partners successfully assisted Aegean Airlines in becoming the majority shareholder of Animawings, a Romanian leisure operator.
The acquiring of the majority shareholding was accomplished in two successful stages, one in early 2020 (25% of shares), by share transfer and the latest just recently (26% of shares), by a share capital increase. Aegean Airlines currently owns 51% of Animawings.
Assistance provided included overall assessment of the endeavour, conducting complex due diligence, advice in establishing the majority shareholding acquisition legal strategy, drafting and revising the transaction documents based on various scenarios, conducting negotiations involving Animawings’ second shareholder, MCP Holding, as well as in implementing the client’s call option to acquire the majority shareholding.
The matter was complex as the airline sector possesses numerous particularities and nuances, which require specialised assistance, furthermore being a niche, highly regulated sector.
MPR|Partners’ team was coordinated by Founding Partner Alina Popescu and Partner Dana Rădulescu and consisted of Managing Associate Daniel Alexie, Senior Associate Diana Borcean and Associates Oana Săvulescu and Sonia Benga.
Further information about this transaction is available on Animawings’ official website at https://animawings.com/en/press-media-gallery