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Pares advises Sevenair on the acquisition of L3Harris

Pares Advogados advised Sevenair Academy on the acquisition of all aeronautical assets of the North American company L3Harris Technologies, located in Portugal. The advice provided by Pares included the corporate reorganization of the companies belonging to Sevenair Academy, as well as the negotiation and formalization of the acquisition of the assets of L3Harris Technologies. The work was coordinated by Tiago Gama (photo), with the participation of the partner from the field of tax law, Maria Norton dos Reisand collaborators in the field of commercial and corporate law, Andre Rei and Marta Belchior.

With this acquisition, which took place after the entry of a new shareholder into the company – the family office Worldapproach, by Isaías Gomes Teixeira – Sevenair Academy becomes the largest pilot training school in Europe, with two training bases (Cascais and Ponte de Sor) where it offers more than 30,000 square meters of facilities, half a hundred aircraft, mostly under four years old, six flight simulators and a campus to accommodate hundreds of students.

Sevenair Academy was founded in 1988 and is part of the Sevenair group. Sevenair Academy is the leading aviation school in Portugal and one of the largest in Europe, offering training courses for pilots, flight operations officers and maintenance technicians. All its courses are internationally recognized and certified by the competent authorities.

Pares advises Sevenair on the acquisition of L3Harris