Dentons has advised AirBaltic, one of Europe’s fastest growing carriers, on the acquisition of a minority stake by Lufthansa. Subject to regulatory clearance, the deal will provide AirBaltic with additional funding and will support its growth plans, which include building on its leading position in the Baltic States.
“Dentons has a strong track record advising leading aviation businesses and we have built a strong relationship with AirBaltic in recent years,” said Dentons partner Nik Colbridge, who led the Firm’s deal team. “This strategically significant transaction enables the next phase of its growth, with the partnership with Lufthansa providing access to its complementary expertise.”
Nick Hayday, Dentons relationship partner said “We are delighted to have supported the dynamic AirBaltic team on this milestone transaction. We are looking forward to supporting our important client on the next phases of their capital markets journey.”
AirBaltic plays a key role for the Latvian economy, contributing to foreign trade and Latvia’s domestic and international connectivity.
Nik led the matter from London with support from Corporate senior associates Christopher Winn and Wei Wu, and Corporate trainee, Kelly Johnson. Partner, Christopher Graf, along with senior associate, Tanya Macrae, provided overall Competition advice, while Maren Tamke, Partner, and Arne Karsten, counsel, provided German Competition advice.
