We advised Oxford Aviation Academy Group in relation to its recent acquisition of Parc Aviation Group. The transaction completed on 7 July 2008 by way of share purchase.

Oxford Aviation Academy Group entered the ab initio training market in June 2007 following its acquisition of Oxford Aviation Training, BAE Systems Regional Aircraft Customer Training Centre in December 2007. With over 500 full-time employees across the world it is considered to be Europe's largest independent aviation training organisation, providing aviation training to over 350 customers worldwide.

The acquisition of Parc has resulted in the first integrated organisation capable of training (from ab initio through to type ratings) and supplying newly qualified and experienced flight crew to airlines.

Our team, which advised on all Irish aspects of the deal, was led by Partner Richard Curran with the assistance of Associate Seanna McGrann, both of the Business Department.

Partner Fiona Thornton advised on pensions and employee benefits matters and Associates Gillian Dully and Jennifer O'Neill advised on all employment matters. Partner Gerry O'Hanlon advised on the commercial property aspects of the deal.

The transaction was financed by way of both equity and bank funding. Our banking team was lead by Partner Orla Gillen.

July 2008.