13 February 2019
Barons Financial Services advises Avcorp Industries Inc. in reaching a Settlement Agreement with SGL Carbon SE

Avcorp Industries Inc., a Canadian publicly quoted company (TSX: AVP) (“Avcorp”), which was advised by Barons Financial Services (“BFS”) of Geneva, Switzerland and London, UK, has announced that Avcorp and its wholly-owned subsidiary Avcorp Composite Fabrication Inc. have reached a settlement with HITCO Carbon Composites Inc. (“HITCO”), SGL Carbon LLC, and SGL Carbon SE, quoted on the Frankfurt Stock Exchange (FRA: SGL) (collectively “SGL”), of all claims related to alleged deficiencies in HITCO’s non-destructive inspection processes, in exchange for the payment of an undisclosed settlement payment and mutual releases by the Avcorp Parties and SGL Parties.

Due to the confidentiality provisions contained within the Settlement Agreement, the other terms of the settlement are not being disclosed.

Barons Financial Services advised and assisted Avcorp in the negotiations.

On 21 December 2015, Avcorp acquired the assets and certain liabilities of the composite aerostructures division of SGL Carbon SE’s subsidiary, HITCO Carbon Composites Inc.

About Avcorp Industries Inc.
The Avcorp Group designs and builds major airframe structures for some of the world’s leading aircraft companies, including BAE Systems, Boeing, Bombardier, Lockheed Martin and Subaru Corporation. The Avcorp Group has more than 60 years of experience, over 700 skilled employees and 636,000 square feet of facilities.

13 February 2019
Barons Financial Services initiates and advises STAR Capital Partnership LLP on the Acquisition of ASL Aviation Holdings DAC

On 13th of February 2019, the European fund manager STAR Capital Partnership LLP (“STAR”) signed an agreement with ASL Aviation Holdings DAC’s (“ASL”) shareholders, Compagnie Maritime Belge (51%) and 3P Air Freighters (49%), to acquire 100% of the shareholding in ASL, subject to regulatory approval.

Barons Financial Services initiated this transaction, and advised and assisted STAR throughout all phases.

The financial terms of this transaction are confidential.

Headquartered in Dublin, Ireland, ASL is a global aviation services provider with operations on 6 continents. The Group’s multiple airlines provide ASL with wide-ranging traffic rights and valuable slots at key airports across Europe, Asia and Africa. ASL’s airlines operate scheduled and charter flights under their own brands and operate passenger and cargo networks on behalf of major international customers, including express freight integrators and passenger airlines. In 2017 ASL’s airlines carried 3’283’928 passengers and 564’222 tonnes of freight on flights that totalled 202’080 hours. The group has 2’500 staff from 47 nationalities and a fleet of circa 130 aircraft.

About ASL Aviation Holdings DAC
ASL Aviation Holdings DAC (“ASL”) is a global aviation services provider headquartered in Swords, Dublin, Ireland. The Group has 4 European airlines; ASL Airlines Ireland based in Dublin, ASL Airlines Belgium, based in Liege, ASL Airlines France, based in Paris-CDG and ASL Airlines Hungary, based in Budapest. ASL also has an associate airline, Safair, in South Africa, that operates civilian “Hercules” aircraft on humanitarian missions in Africa. It also operates FlySafair, a leading low-cost domestic passenger airline based in Johannesburg. ASL also has a joint venture with cargo airlines in Thailand and India, as well as maintenance facilities in Switzerland and Belgium, and various aircraft leasing entities.

About STAR Capital Partnership LLP
STAR Capital Partnership LLP (“STAR”) is a private equity firm focused on building and developing businesses around strategic assets in Western Europe. Established in 1999, STAR looks for businesses or assets protected by a strong strategic position, located in Western Europe with enterprise value between €50 million and €1 billion. STAR is an independent partnership, owned and managed by the senior partners, with a structure that ensures the early involvement of the senior team, and a continued focus on key decisions in each portfolio company. STAR has rigorous protocols in place to address Environmental, Social and Governance (ESG) matters, and is a signatory to the United Nations Principles for Responsible Investment Initiative.

12 August 2015
Economic Progress in 2015 – How is the airline industry related to the economy?

24 March 2015
After Germanwings aircrash – what are the consequences for Lufthansa?

11 March 2015
What future is there for regional airlines? Have the larger airlines the right strategy when approaching and delivering to their customers?

1 December 2014
telent Technology Services Limited acquisition of Telindus (UK)

On 4th November 2014, telent Technology Services Limited (“telent”) based in the United Kingdom exchanged contracts and announced that they had agreed to purchase the business of Telindus (UK) based in the United Kingdom, from Belgacom, Belgium, and this was accepted by the seller.

The transaction was closed and the business of Telindus (UK) transferred on 1st December 2014. Adam Coxen of Barons Financial Services (UK) Ltd, London, United Kingdom, which is a subsidiary of Barons Financial Services SA, Geneva, Switzerland, initiated the transaction and advised telent.

The deal will significantly increase telent’s ability to deliver end-to-end ICT and IP networking solutions and the additional expertise in delivering Cisco and Juniper Networks solutions will strengthen its multi-vendor capabilities.

telent’s legal advisers on this transaction were Thomas Eggar, United Kingdom. telent’s financial advisers were Grant Thornton, United Kingdom.

24 October 2014
Is hope enough to bring the corporate airline industry back?

4 August 2014
Problems and solutions for the commercial airline industry

12 May 2014
A look at recent news surrounding Delta, Boeing, Ryanair and Malaysia airlines

30 April 2014
Intro Aviation acquisition of CityJet & VLM

On 19th December 2013, Intro Aviation GmbH based in Germany made a firm offer to purchase CityJet based in Ireland and its Belgian subsidiary VLM BV.

On 28th March 2014 Air France accepted the firm offer received in December 2013 from Intro Aviation GmbH to purchase CityJet and its VLM subsidiary.

The transaction was closed and the shares for CityJet & VLM transferred on 30th April 2014.

Air France and CityJet will pursue their commercial co-operation as part of a new industrial plan which foresees, in particular, the development of flights under the CityJet brand on departure from London City to European destinations, and CityJet continuing to operate flights on behalf of Air France on departure from Paris-CDG.

Intro’s legal advisers on this transaction were Matheson, Dublin, Ireland & BTU Group, Munich, Germany. Intro’s accountancy advisers were Ernst & Young, Dublin, Ireland.

Barons Financial Services based in Geneva, Switzerland with a subsidiary in London, UK initiated the transaction and advised Intro Aviation GmbH.

30 January 2014
The impact of the airline industry on the economy and how it has changed

20 December 2013
Intro Aviation planned acquisition of CityJet & VLM

On 19th December 2013, Intro Aviation GmbH, based in Germany, made a firm offer to purchase CityJet, based in Ireland, and its Belgian subsidiary VLM BV.

This offer provides for ongoing commercial co-operation with Air France as part of a new industrial plan. Employee representative bodies of the various entities will be informed and consulted. The transaction is expected to close in the first quarter of 2014.

Barons Financial Services based in Geneva, Switzerland with a subsidiary in London, UK initiated the transaction and advised Intro Aviation GmbH.

12 September 2013
Swiss banking sector facing increasing global pressures

30 April 2013
AVIO S.P.A. SALE OF PW100 MRO BUSINESS TO ITP S.A.

Barons Financial Services initiated and acted as the adviser to Avio S.p.A. of Torino, Italy on its sale of the MRO business in respect of the Pratt and Whitney 100 engine series to Industria de Turbo Propulsores, S.A. (ITP) of Madrid, Spain.

9 October 2012
APPLE AND SAMSUNG ALERTED BY HIWAVE SELL-OFF

In a move likely to arouse the interest of global giants Apple and Samsung, Cambridge UK audio technology company HiWave Technologies has effectively slapped a ‘For Sale’ sign on its audio business and some of its non-core IP.

HiWave is also changing its stockmarket listing from premium to standard listing to cut admin costs. It has employed Barons Financial Services as advisers to act in the disposals element of the new strategy and shareholders will be asked to ratify the roadmap at an EGM in early November.

1 August 2012
Public Invitation to investors for submission of non binding expression of interest in the process of sale of a majority block of shares of the company Adria Airways d. d.

Public Invitation to investors for submission of non-binding expression of interest in the process of sale of a majority block of shares of the company Adria Airways d. d.

Republic of Slovenia represented by Capital Assets Management Agency, Nova Ljubljanska Banka d. d., Ljubljana, Abanka Vipa, d. d., PDP Posebna družba za podjetniško scetovanje, d. d., Hypo Alpe-Adria-Bank d. d. and UniCredit Banka Slovenija d. d. (the >>Sellers<<) invite all interested investors (the “Interested Parties”) or the “Bidders”) for submission of non binding expressions of interest in the sale of the controlling / majority block of shares (the >>Process<<) issued by the company Adria Airways d. d. incorporated in the Republic of Slovenia and based at Ljubljana Joze Pucnik Airport, Slovenia.

Adria Airways d. d., member of Star Alliance, is a Slovenian regional airline with over 50 years experience in charter and scheduled traffic. The share capital of the Company amounts to EUR 17,712,227 and is divided into 17,712,226 registered ordinary non-par value voting shares. The Sellers hold 17,689,955 shares which represent 99.87% of all shares of the Company.

Barons Financial Services SA (>>the Advisors<<) is the exclusive Adviser to the Sellers in the Process. With this Invitation the Adviser on behalf of the Sellers invites all the interested Parties to submit their written expression of interest (the “Letter of Interest”), to receive further information, which will be subject to a Confidentiality Agreement. Letter of Interest should be sent by September 10, 2012 to: Barons Financial Services SA, Case Postale 103, ICC-H, 20, Route de PreBois, CH 1215 Geneva, Switzerland. Email: efk@barons.ch.

The sellers reserve the right to select and not enter into any agreement with uninterested party in the Process without liability for any damages. Furthermore the Sellers reserve the right to stop or am and the Process and, or the timetable, or other elements of the Process at any time and with our explanation. The Sellers may exclude any Interested Party from the Process on their discretion and without any explanation. In case of such exclusion the Adviser will send a written notice to the Interested Party on behalf of the Sellers. Interested Parties agree on these terms with their participation in the Process.

1 August 2012
Public Invitation to investors for submission of non binding expression of interest in the process of sale of a majority block of shares of the company Adria Airways d. d.

Public Invitation to investors for submission of non-binding expression of interest in the process of sale of a majority block of shares of the company Adria Airways d. d.

Republic of Slovenia represented by Capital Assets Management Agency, Nova Ljubljanska Banka d. d., Ljubljana, Abanka Vipa, d. d., PDP Posebna družba za podjetniško scetovanje, d. d., Hypo Alpe-Adria-Bank d. d. and UniCredit Banka Slovenija d. d. (the >>Sellers<<) invite all interested investors (the “Interested Parties”) or the “Bidders”) for submission of non binding expressions of interest in the sale of the controlling / majority block of shares (the >>Process<<) issued by the company Adria Airways d. d. incorporated in the Republic of Slovenia and based at Ljubljana Joze Pucnik Airport, Slovenia.

Adria Airways d. d., member of Star Alliance, is a Slovenian regional airline with over 50 years experience in charter and scheduled traffic. The share capital of the Company amounts to EUR 17,712,227 and is divided into 17,712,226 registered ordinary non-par value voting shares. The Sellers hold 17,689,955 shares which represent 99.87% of all shares of the Company.

Barons Financial Services SA (>>the Advisors<<) is the exclusive Adviser to the Sellers in the Process. With this Invitation the Adviser on behalf of the Sellers invites all the interested Parties to submit their written expression of interest (the “Letter of Interest”), to receive further information, which will be subject to a Confidentiality Agreement. Letter of Interest should be sent by September 10, 2012 to: Barons Financial Services SA, Case Postale 103, ICC-H, 20, Route de PreBois, CH 1215 Geneva, Switzerland. Email: efk@barons.ch.

The sellers reserve the right to select and not enter into any agreement with uninterested party in the Process without liability for any damages. Furthermore the Sellers reserve the right to stop or am and the Process and, or the timetable, or other elements of the Process at any time and with our explanation. The Sellers may exclude any Interested Party from the Process on their discretion and without any explanation. In case of such exclusion the Adviser will send a written notice to the Interested Party on behalf of the Sellers. Interested Parties agree on these terms with their participation in the Process.

15 June 2012
Eric Kohn is here to discuss the impact of the Greek election on the markets, the EURO and the rest of the financial world

ADRIA AIRWAYS d.d. APPOINTS BARONS FINANCIAL SERVICES AS AN ADVISOR

Adria Airways d.d. (Adria), in consultation with its shareholders, has appointed BARONS FINANCIAL SERVICES, an advisory investment banking firm headquartered in Geneva with a subsidiary in London, as its financial advisor to assist in finding strategic partners and, or investors for Adria.

Barons Financial Services was founded 25 years ago and has advised on numerous airlines and associated transactions including the acquisition of British Airways’ German subsidiary dba (formerly “Deutsche BA”) by INTRO-Verwaltungs GmbH and the sale of the leading global ground handling company Swissport by Candover, a leading UK private equity fund.

The Slovenian national airline Adria Airways has a wealth of experience spanning over 51 years in charter and scheduled air traffic. Today the majority of Adria Airways business is in scheduled flights. Its network links Ljubljana with more than 18 cities throughout Europe and offers excellent connections to South East Europe. The company’s head office is at Ljubljana Jože Pučnik Airport. Adria Airways operates its flights with 13 aircrafts: one Airbus A320, two Airbus A319, four Canadair Regional Jet CRJ900, six Canadair Regional Jet CRJ200. In January 2010 Adria Airways became a full member of Star Alliance.

30 January 2012
With increasing media discussion surrounding Private Equity firms, Mr Kohn speaks to Dukascopy TV about the different faces of the Private Equity Market

January 2012
Finance to philanthropy – Through a recent business venture in Mozambique, Eric Kohn (BSc Natural Sciences 1968) is providing opportunities for the local community and Glasgow’s medical students

13 December 2011
Kohn Sceptical About Eurozone. The markets obviously have not been fully convinced last week’s meeting between EU leaders will lead to a comprehensive solution to the bloc’s problems. Eric Kohn has an impressive CV spanning more than thirty years and he told Dukascopy TV why he is sceptical about the future of the Euro project

13 April 2011
Avio Grows in Brazil: Acquisition of Military MRO Business

Avio, the international Italian based Group leader in aerospace propulsion, acquired Focaleng, a Brazilian company operating in military aeroengine MRO (Maintenance, Repair and Overhaul) business under the brand Focal Aviation ( www.focalaviation.com.br ). Focaleng, based in Rio de Janeiro, with a turnover of over 23 million Reais (10 million Euros) and 80 highly specialised employees, is a strategic company in the Brazilian defence sector, supporting aeroengines used by FAB – Força Aérea Brasileira, including the engine powering the Northrop F5E/F-Tiger fighters.

Through this acquisition, Avio – responsible since 2008 of the MRO and logistic support of the Spey engines that power the Brazilian AM-X fighter aircraft – further consolidates its role as FAB’s strategic partner and its presence in Brazil, as part of the international development strategy pursued in the last few years. The acquisition was made through Avio’s subsidiary Avio do Brasil Ltda.

Barons Financial Services of Geneva and London together with Baker & McKenzie Rio de Janeiro acted as advisers to Avio.

About Avio
Avio is an international group, leader in the aerospace sector, headquartered in Turin (Italy). Founded in 1908, it is present on 4 continents with commercial offices and 9 industrial production sites. It has about 5,200 employees, of which 4,500 work in Italy. Company revenues in 2010 were 1.75 billion Euros. The Group operates in the following business areas: Aeronautical; Space; MRO and Services; Aeroderivative Gas Turbines for Marine and Industrial use; Control & Automation Systems and Electrical Systems. It is active in the field of technological R&D through a network of laboratories located on Italian University campuses, and collaborates with 24 Italian and international universities and research centres.

2 November 2010
Opening of Medical Centre at Noventa Marropino Mine by Eric Kohn TD, Chairman of Noventa Ltd

2 November 2010
Eric Kohn joins Richard Quest on CNN Business Central

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