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Latham & Watkins Advises PrimeFlight Aviation Services in Sale to the Sterling Group and Capitol Meridian Partners

March 7, 2023
A multidisciplinary deal team led by members of the firm’s Private Equity and M&A Practices represents Carlyle and its portfolio company PrimeFlight in the transaction.

Funds managed by global investment firm Carlyle (NASDAQ: CG) have announced a definitive agreement to sell PrimeFlight Aviation Services to Capitol Meridian Partners and The Sterling Group. PrimeFlight is a global provider of essential aircraft, passenger, and security-related services to commercial airline, airport, cargo, and general aviation customers. The transaction will close upon satisfaction of customary closing conditions. Financial terms were not disclosed. The acquisition of PrimeFlight will represent a 50/50 partnership between The Sterling Group and Capitol Meridian Partners.

Latham & Watkins LLP represents PrimeFlight and Carlyle in the transaction with a corporate deal team led by Washington, D.C. partners Paul Sheridan and Cory Tull and Washington, D.C. counsel Elizabeth More, with associates Hilary Albrecht, Zach Lippman, and Gabe Marx. Advice was also provided on tax matters by New York partner David Raab, with associate Shruti Hazra; on benefits and employment matters by Washington, D.C. partner David Della Rocca, Washington, D.C. counsel Laura Szarmach, and Chicago counsel Sandhya Chandrasekhar; on antitrust and foreign direct investment matters by Washington, D.C. partner Marc Williamson, Frankfurt partner Max Hauser, Hamburg counsel Jana Dammann, and Washington, D.C. counsel Peter Todaro, with associates Nicolas Jung, Zoe Hutchinson, Judith Jacop, and James Mathieson; on environmental matters by Washington, D.C. partner James Barrett; on real estate matters by New York partner Dara Denberg, with associates Thomas Ficchi and Thomas Fafara; on intellectual property matters by Washington, D.C. counsel Kieran Dickinson, with associate Kellye Quirk; on data privacy matters by Bay Area partner Robert Blamires and Washington, D.C. partner Marissa Boynton; on regulatory matters by Washington, D.C. partner Elizabeth Park, with associate Michael Herman; and on private equity finance matters by Washington, D.C. partner Scott Forchheimer, with associates Donald Cooley and Patrick Dittmer.