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PRESS RELEASE

Wed, 13 February 2019

Barons Financial Services advises Avcorp Industries Inc.

in reaching a Settlement Agreement with SGL Carbon SE

Avcorp Industries Inc., a Canadian publicly quoted company (TSX: AVP) ("Avcorp"), which was advised by Barons Financial Services (“BFS”) of Geneva, Switzerland and London, UK, has announced that Avcorp and its wholly-owned subsidiary Avcorp Composite Fabrication Inc. have reached a settlement with HITCO Carbon Composites Inc. ("HITCO"), SGL Carbon LLC, and SGL Carbon SE, quoted on the Frankfurt Stock Exchange (FRA: SGL) (collectively "SGL”), of all claims related to alleged deficiencies in HITCO's non-destructive inspection processes, in exchange for the payment of an undisclosed settlement payment and mutual releases by the Avcorp Parties and SGL Parties.

Due to the confidentiality provisions contained within the Settlement Agreement, the other terms of the settlement are not being disclosed.

BFS advised and assisted Avcorp in the negotiations.

On 21 December 2015, Avcorp acquired the assets and certain liabilities of the composite aerostructures division of SGL Carbon SE’s subsidiary, HITCO Carbon Composites Inc.

About Barons Financial Services

Barons Financial Services (“BFS”) is a Swiss Advisory Investment Banking firm, which was founded by Eric F. Kohn TD VR over 33 years ago, headquartered in Geneva, Switzerland, with a subsidiary in London, UK, which is authorised and regulated by the Financial Conduct Authority (FCA). BFS specialises in mergers & acquisitions, private placements, restructurings & valuations, for private and public companies, as well as family offices. BFS’s transactions range across several industries, with a specialisation in the airline, aviation & aerospace sectors. Transaction details are available on the website www.baronsfinancialservices.com.

BFS specialises in mergers & acquisitions, private placements, restructurings & valuations, for private and public companies, as well as family offices. BFS’s transactions range across several industries, with a specialisation in the airline, aviation & aerospace sectors. Transaction details are available on the website www.baronsfinancialservices.com.

About Avcorp Industries Inc.

The Avcorp Group designs and builds major airframe structures for some of the world's leading aircraft companies, including BAE Systems, Boeing, Bombardier, Lockheed Martin and Subaru Corporation. The Avcorp Group has more than 60 years of experience, over 700 skilled employees and 636,000 square feet of facilities.

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PRESS RELEASE

Wed, 13 February 2019

Barons Financial Services initiates and advises

STAR Capital Partnership LLP

on the Acquisition of ASL Aviation Holdings DAC

Subject to Regulatory Approval

On 13th of February 2019, the European fund manager STAR Capital Partnership LLP (“STAR”) signed an agreement with ASL Aviation Holdings DAC’s (“ASL”) shareholders, Compagnie Maritime Belge (51%) and 3P Air Freighters (49%), to acquire 100% of the shareholding in ASL, subject to regulatory approval.

Barons Financial Services (“BFS”) initiated this transaction, and advised and assisted STAR throughout all phases.

The financial terms of this transaction are confidential.

Headquartered in Dublin, Ireland, ASL is a global aviation services provider with operations on 6 continents. The Group’s multiple airlines provide ASL with wide-ranging traffic rights and valuable slots at key airports across Europe, Asia and Africa. ASL’s airlines operate scheduled and charter flights under their own brands and operate passenger and cargo networks on behalf of major international customers, including express freight integrators and passenger airlines. In 2017 ASL’s airlines carried 3’283’928 passengers and 564’222 tonnes of freight on flights that totalled 202’080 hours. The group has 2’500 staff from 47 nationalities and a fleet of circa 130 aircraft.

About Barons Financial Services

Barons Financial Services (“BFS”) is a Swiss Advisory Investment Banking firm, which was founded by Eric F. Kohn TD VR over 33 years ago, headquartered in Geneva, Switzerland, with a subsidiary in London, UK, which is authorised and regulated by the Financial Conduct Authority (FCA).

BFS specialises in mergers & acquisitions, private placements, restructurings & valuations, for private and public companies, as well as family offices. BFS’s transactions range across several industries, with a specialisation in the airline, aviation & aerospace sectors. Transaction details are available on the website www.baronsfinancialservices.com.

About ASL Aviation Holdings DAC

ASL Aviation Holdings DAC (“ASL”) is a global aviation services provider headquartered in Swords, Dublin, Ireland. The Group has 4 European airlines; ASL Airlines Ireland based in Dublin, ASL Airlines Belgium, based in Liege, ASL Airlines France, based in Paris-CDG and ASL Airlines Hungary, based in Budapest. ASL also has an associate airline, Safair, in South Africa, that operates civilian “Hercules” aircraft on humanitarian missions in Africa. It also operates FlySafair, a leading low-cost domestic passenger airline based in Johannesburg. ASL also has a joint venture with cargo airlines in Thailand and India, as well as maintenance facilities in Switzerland and Belgium, and various aircraft leasing entities.

About Star Capital Partnership LLP

STAR Capital Partnership LLP (“STAR”) is a private equity firm focused on building and developing businesses around strategic assets in Western Europe. Established in 1999, STAR looks for businesses or assets protected by a strong strategic position, located in Western Europe with enterprise value between €50 million and €1 billion. STAR is an independent partnership, owned and managed by the senior partners, with a structure that ensures the early involvement of the senior team, and a continued focus on key decisions in each portfolio company. STAR has rigorous protocols in place to address Environmental, Social and Governance (ESG) matters, and is a signatory to the United Nations Principles for Responsible Investment Initiative.

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PRESS RELEASE

Mon, 01 December 2014

telent Technology Services Limited acquisition of Telindus (UK)

On 4th November 2014, telent Technology Services Limited (“telent”) based in the United Kingdom exchanged contracts and announced that they had agreed to purchase the business of Telindus (UK) based in the United Kingdom, from Belgacom, Belgium, and this was accepted by the seller.

The transaction was closed and the business of Telindus (UK) transferred on 1st December 2014. Adam Coxen of Barons Financial Services (UK) Ltd*, London, United Kingdom, which is a subsidiary of Barons Financial Services SA, Geneva, Switzerland, initiated the transaction and advised telent.

The deal will significantly increase telent's ability to deliver end-to-end ICT and IP networking solutions and the additional expertise in delivering Cisco and Juniper Networks solutions will strengthen its multi-vendor capabilities.

telent's legal advisors on this transaction were Thomas Eggar, United Kingdom. telent's financial advisors were Grant Thornton, United Kingdom.

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PRESS RELEASE

Fri, 30 April 2014

Intro Aviation acquisition of CityJet & VLM

On 19th December 2013, Intro Aviation GmbH based in Germany made a firm offer to purchase CityJet based in Ireland and its Belgian subsidiary VLM BV.

On 28th March 2014 Air France accepted the firm offer received in December 2013 from Intro Aviation GmbH to purchase CityJet and its VLM subsidiary.

The transaction was closed and the shares for CityJet & VLM transferred on 30th April 2014.

Air France and CityJet will pursue their commercial co-operation as part of a new industrial plan which foresees, in particular, the development of flights under the CityJet brand on departure from London City to European destinations, and CityJet continuing to operate flights on behalf of Air France on departure from Paris-CDG.

Intro’s legal advisors on this transaction were Matheson, Dublin, Ireland & BTU Group, Munich, Germany. Intro’s accountancy advisors were Ernst & Young, Dublin, Ireland.

Barons Financial Services based in Geneva, Switzerland with a subsidiary in London, UK initiated the transaction and advised Intro Aviation GmbH.

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PRESS RELEASE

Fri, 20 December 2013

Intro Aviation planned acquisition of CityJet & VLM

On 19th December 2013, Intro Aviation GmbH based in Germany made a firm offer to purchase Cityjet based in Ireland and its Belgian subsidiary VLM BV.

On 28th March 2014 Air France accepted the firm offer received in December 2013 from Intro Aviation GmbH to purchase CityJet and its VLM subsidiary. The closing of the transaction for the CityJet shares should take place in April 2014.

Air France and CityJet will pursue their commercial co-operation as part of a new industrial plan which foresees, in particular, the development of flights under the CityJet brand on departure from London City to European destinations, and CityJet continuing to operate flights on behalf of Air France on departure from Paris-CDG.

Barons Financial Services based in Geneva, Switzerland with a subsidiary in London, UK initiated the transaction and advised Intro Aviation GmbH.

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PRESS RELEASE

Fri, 20 December 2013

Intro Aviation planned acquisition of CityJet & VLM

On 19th December 2013, Intro Aviation GmbH, based in Germany, made a firm offer to purchase CityJet, based in Ireland, and its Belgian subsidiary VLM BV.

This offer provides for ongoing commercial co-operation with Air France as part of a new industrial plan. Employee representative bodies of the various entities will be informed and consulted. The transaction is expected to close in the first quarter of 2014.

Barons Financial Services based in Geneva, Switzerland with a subsidiary in London, IK initiated the transaction and advised Intro Aviation GmbH.

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Avio Aerospace

PRESS RELEASE

Tuesday, 30 April 2013

AVIO S.P.A. SALE OF PW100 MRO BUSINESS TO ITP S.A.

Barons Financial Services (BFS) initiated and acted as the advisor to Avio S.p.A. of Torino, Italy on its sale of the MRO business in respect of the Pratt and Whitney 100 engine series to Industria de Turbo Propulsores, S.A. (ITP) of Madrid, Spain.

Avio Sale transaction press release VIEW PDF

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APPLE AND SAMSUNG ALERTED BY HIWAVE SELL-OFF

HiWave CEO James Lewis

In a move likely to arouse the interest of global giants Apple and Samsung, Cambridge UK audio technology company HiWave Technologies has effectively slapped a 'For Sale' sign on its audio business and some of its non-core IP.

. . .

HiWave is also changing its stockmarket listing from premium to standard listing to cut admin costs. It has employed Barons Financial Advisers to act in the disposals element of the new strategy and shareholders will be asked to ratify the roadmap at an EGM in early November.

 

FULL STORY

 

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ADRAI AIRWAYS

PRESS RELEASE

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