Latham & Watkins has advised private equity firm Chequers Capital on the acquisition of Nayak-LM, including acquisition financing and tax structuring, alongside the owners of aircraft service provider Nayak-LM GmbH and its subsidiaries, notably the Munich-based family office SFO. Nayak Aircraft Services is a leading independent European aircraft safety and line maintenance provider. Closing is subject to regulatory approval and expected to take place in Q1 2024.

The Latham team was led by Munich corporate partners Burc Hesse and Stephan Hufnagel with associates Chris Freitag, Nikolaus Becker, Manuel Schmutzler, and Corinna Freudenmacher. Advice was also provided on finance matters by Munich partner Thomas Weitkamp with associate Philipp Guggeis; on tax matters by Hamburg partner Verena Seevers and Munich partner Ulf Kieker; on employment matters by Munich partner Tobias Leder with associate Martina Hölzer; on regulatory matters by Frankfurt counsel Joachim Grittmann; on antitrust matters by Hamburg counsel Jana Dammann De Chapto with associate Nicolas Jung; on real estate matters by Frankfurt counsel Sven Nickel; and on corporate/IP matters by Frankfurt associate Daniela Jaeger.

The team was further supported by colleagues from the Latham offices in Milan, Paris, and Madrid.