The firm is representing ANA Holdings Inc. in connection with the $139.5 million (approximately JPY 13.7 billion) acquisition of Pan Am Holdings, Inc. (“Pan AM”) and its subsidiaries, including Pan Am International Flight Academy, Inc., from American Capital, Ltd. (“ACAS”), affiliates of ACAS and other Pan Am shareholders. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close by the end of 2013.
ANA Holdings Inc. is an aviation group with 235 aircraft flying to 84 destinations and carrying more than 44 million passengers each year. ANA Holdings Inc. formed in April 2013 and is the parent company of ANA; full service carrier and AirAsia Japan, LCC. Pan Am Holdings, Inc. headquartered in Miami, Florida is a leading pilot training services provider.
The Simpson Thacher team includes: Takahiro Saito, Patrick Naughton, Sayo Takizawa and Audra Amarosa (M&A); Brian Robbins and Patricia Adams (Executive Compensation and Employee Benefits); Robert Holo and Seojung Park (Tax); Adeeb Fadil and Noreen Lavan (Environmental); Michael Naughton (Antitrust); Krista McManus (Real Estate); and Lori Lesser and Zara Ohiorhenuan (Intellectual Property).
