Latham & Watkins Advises Palladin Consumer Retail Partners in Sale of Tailwind Hospitality

Palladin Consumer Retail Partners has announced that it has completed the sale of Tailwind Hospitality, Inc. (Tailwind or the Company), a leading airport concessionaire operating food, beverage, and retail concessions throughout the United States, to Crestview Partners (Crestview), with AltitudeX Aviation Group, middle market aviation and aerospace businesses, investing alongside Crestview. The partnership will support Tailwind’s continued growth while maintaining the Company’s focus on providing best‑in‑class service and quality options to its airport partners and their passengers. Terms of the transaction were not disclosed.

Latham & Watkins LLP represented the client in the transaction with a corporate team led by Boston and New York partner Kristen Grannis and Boston counsel Gloria Ring, with associates Jihoo Kim, Alberto Cabrera Rivera, Emily Teems, and Jennifer Boyd. Advice was also provided on tax matters by Washington, D.C. partner Andrea Ramezan‑Jackson, with associate Jeremiah Cowen; on executive compensation and benefits matters by New York partner Austin Ozawa, with Chicago counsel Sandhya P. Chandrasekhar and associates Victoria Wolfe, Kevin Matheny, and Tal Simon; on labor matters by Chicago partner Nineveh Alkhas, with associate Elizabeth Duncan; on intellectual property matters by Boston partner Deborah Hinck, with associate Victoria Allen; on real estate matters by New York counsel Shira Bressler; on environmental matters by Washington, D.C. partner Devin O’Connor, with associate Jacqueline Y. Zhang; on HSR matters by Washington, D.C. partner Patrick English, with associate Nathaniel Amann; on debt finance matters by Boston partner Alex Harris, with associate Payton Reisinger; and on RWI matters by Los Angeles partner Harrison White.