Linklaters has advised B/E Aerospace, Inc. on the spin-off of its consumables management segment businesses to KLX Inc. and certain legal aspects of the internal corporate restructuring related to same. ”Regular-way” trading in the shares of KLX began on 17 December 2014. Within the framework of the spin-off, all outstanding KLX shares were distributed to B/E Aerospace, Inc.’s stockholders.
B/E Aerospace, Inc. is the world’s leading manufacturer of aircraft cabin interior products. The company designs, develops and manufactures a broad range of products for both commercial aircraft and business jets. Its product portfolio includes aircraft cabin seating, lighting systems, oxygen systems, food and beverage preparation and storage equipment, galley systems, and modular lavatory systems. It also provides cabin interior reconfiguration, programme management and certification services.
KLX Inc. is the world’s leading aerospace distributor and value-added service provider offering one of the broadest ranges of aerospace hardware and consumables and inventory management services. KLX is also a provider of technical and logistics services and related rental equipment to oil and gas exploration and production companies.
Linklaters’ team was led by Dr Rainer Traugott and Dr Christoph Rödter (both Corporate, Munich). The team also included Prof Dr Georg Annuß (Employment, Munich), Dr Konrad Berger (TMT, Munich), Sébastien Pontillo (Corporate, Paris), Manfred Müller (Corporate, Luxembourg), Louis Culot (Corporate, New York), Manila Raino (Corporate, Milan), Marcin Schulz (Corporate, Warsaw), Rebecca Yang (Corporate, New York), Melissa Chong (Corporate, Singapore), Rieke Bickelmann, Stephan Hufnagel, Annika Juds (all Corporate, Munich), Julia Sack (Corporate, Berlin), Hannah Chuter, Huashuang Guo (both Corporate, London), Guillaume Régnier (Corporate, Paris), Fabian Piron, Laurence Ouverleaux (both Corporate, Luxembourg), Jakub Wozniak (Corporate, Warsaw), Johanna Leung (Corporate, Hong Kong) and Richard Gu (Corporate, Shanghai).
