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Latham & Watkins Advises NB Capital Solutions in Acquisition of Minority Stake in FDH Aero

May 10, 2024
Hybrid capital team represents the private investment manager.

Neuberger Berman, a private, independent, employee-owned investment manager, has announced that funds advised by Neuberger Berman have led a minority recapitalization of FDH Aero. Neuberger Berman joins existing investor Audax Private Equity, a leading private equity firm based in Boston, Massachusetts.

Latham & Watkins LLP represented Neuberger Berman in the transaction with a team led by partners Stelios Saffos and Peter Sluka, Co-Chairs of the firm’s Hybrid Capital Practice, respectively, along with partners Andrew Blumenthal, and Jordan Miller, with associates Daniel Glavin and Brent Begany.* Advice was also provided on tax matters by Century City partner Pardis Zomorodi; on government contracts matters by Washington, D.C. partner Kyle Jefcoat, with associate Genevieve Hoffman; on CFIUS matters by Washington, D.C. partner Les Carnegie and counsel Catherine Hein; and on antitrust and FDI matters by Brussels partner Hector Armengod, Milan partner Cesare Milani, and Brussels counsel Philipp Studt, with associates Eva Beyer Blumental and Edoardo Cassinelli.

*Admitted to practice in New York only