Jamieson has advised CEO Craig Smyth, CFO François Mirallié and the management team of Worldwide Flight Services (“WFS”) on the acquisition of the business by Cerberus Capital Management from private equity firm Platinum Equity.
Headquartered in Paris, WFS is the world’s largest air cargo handler and a leading provider of ground handling services with over €1.2 billion of total revenues. WFS has a presence in 198 airport locations in 22 countries and serves over 300 customers.
Craig Smyth, CEO of WFS, said, “WFS has transformed into a leading global aviation handling player in recent years through growth and operational initiatives. We believe that Cerberus is the ideal partner to support our continued transformation.”
The WFS management team were advised by Stuart Coventry, Ross Wheeler and Jack Yang on their investment and the new management incentive