Simpson Thacher represented KSL Capital Partners (“KSL”) in connection with a strategic partnership between KKR and Apollo to support the continued growth of Atlantic Aviation (the “Company”), one of the largest private aviation infrastructure platforms in the United States. Under the transaction, Apollo-managed funds acquired a significant interest in the Company, while KKR-managed funds remain a substantial shareholder. KSL became a significant minority investor in the Company following its combination with Ross Aviation in 2022. The transaction values Atlantic Aviation at nearly $10 billion.
Atlantic Aviation is one of the leading providers of fixed-base operator services in the United States, with locations across the country serving corporate and general aviation customers. The Company provides mission-critical infrastructure including aircraft fueling, hangar leasing and other essential aviation services, supported by long-term airport concession agreements and a highly diversified footprint across high-activity airfields.
The Simpson Thacher team included Atif Azher, Fred de Albuquerque, Harry Marples, Omar Kanjwal and Jason Anterasian (M&A); Tom Wuchenich, Leor Moaddel, Ben Kaminoff and Cory Bowlby (Funds); Benjamin Rippeon, Jacqueline Clinton and Preston Irace (Tax); Mimi Cheng, Jackson Sullivan, Taylor Stuart and Christina Heiler (Credit); Peter Guryan, Rick Jamgochian and Nate Bronstein (Antitrust); and Mark Skerry, Ryan Stalnaker and Peter Tian (Regulatory).