Hamilton Locke is pleased to have acted for Navinci Global Markets (Navinci) in relation to the acquisition of a flight simulation business from the administrators of Rex Airlines. The team also acted on the financing of the acquisition provided by Privity Credit. This transaction will facilitate a strategic move by Navinci to position itself as a market leader in the provision of full flight simulator hiring services to elevate pilot training accessibility and air safety in the Asia Pacific region.
Hamilton Locke is pleased to have acted for Navinci Global Markets (Navinci) in relation to the acquisition of a flight simulation business from Regional Express Holdings Limited (Administrators Appointed) (Rex).
A multidisciplinary team led by Zina Edwards (Partner, Head of Finance), Peter Williams (Partner, Corporate) and Sarah Roettgers (Partner, Real Estate) assisted on all aspects of the transaction, including the acquisition of the business comprising the flight simulator and the land on which the flight simulation centre is located, as well as the debt facility provided by Privity Credit which was used to fund the acquisition. Against a backdrop of insolvency, the transaction required the Hamilton Locke team to cooperate seamlessly to manage multiple stakeholders (including the Commonwealth Government) and interrelated workstreams to reach a successful completion.
This transaction will facilitate a strategic move by Navinci to position itself as a market leader in the provision of full flight simulator hiring services to elevate pilot training accessibility and air safety in the Asia Pacific region.
Commenting on the transaction, Hamilton Locke partner, Zina Edwards said: “It was a pleasure acting for Navinci on this transformative transaction. This was a real team effort across many practice groups to manage a number of last-minute hurdles and achieve a successful outcome. We look forward to following Navinci’s expansion of its service offering in Australia, Oceania and South-East Asia.”
Zina, Peter and Sarah were supported by Catherine Nufer (Special Counsel, Tax), Emil Conradie (Consultant, Finance), Rachael McGurgan (Consultant, Corporate), Matthew Butchard (Senior Associate, Real Estate), Faye Winterflood (Consultant, Real Estate) and Samridhi Singha (Lawyer, Finance).
