Gide has advised Airbus Group on the sale of the majority stake in Cassidian Test & Services, its subsidiary specialising in the development and manufacturing of tests for aeronautical equipment, to ACE Management and the Institut régional de développement industriel (Irdi). Airbus Group will retain a stake of 33.5% in the capital of the company, which will be renamed Spherea Tests & Services, for the next three years.
Legal counsel for Airbus Group:
Gide - Axelle Toulemonde (partner, M&A), Foulques de Rostolan (partner, employment law), Alexis Pailleret (counsel, M&A), Juliette de Waele and Eva Kopelman (associates).
Fuchs Cohana Reboul & Associés - Frédéric Fuchs on competition law aspects.
Financial counsel for Airbus Group:
HSBC - Hubert Bouxin, Dimitri Spoliansky, Bastien Oggeri.