The Firm is representing KSL Capital Partners (“KSL”) in connection with its participation in an $800 million equity investment in Flexjet, Inc. (“Flexjet”) from a consortium of strategic investors alongside L Catterton and the J. Safra Group. The investment marks the largest equity investment in the history of private aviation and creates a strategic partnership between Flexjet’s management and three leading global investors.
Flexjet, which first entered the fractional jet ownership market in 1995, is a global leader in private aviation, offering fractional jet ownership and leasing.
KSL is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services.
The Simpson Thacher team includes Atif Azher, Fred de Albuquerque, Jonathan Kachiu, Jack Traylor and Faisal Ajam (Corporate); Niels Jensen and John Hotes (Capital Markets); Thomas Wuchenich, Leor Moaddel and Ben Kaminoff (Funds); Greg Grogan, Harry Hudesman, Guanxiong Xu and Ben Faber (Executive Compensation and Employee Benefits); Caroline Geiger and Christina Breitbeil (Intellectual Property); Peter Guryan, Kelly Karapetyan and Josh Hazan (Antitrust); and Benjamin Rippeon and Shareef Salfity (Tax).