Latham & Watkins has advised PAI Partners, a European private equity firm, on the antitrust aspects of its acquisition of Areas from Elior Group S.A. The amount of the transaction is €1.54 billion.
Areas is one of the leading global travel concession catering companies, with operations across 13 countries throughout Europe, the US, Mexico, and Chile, and over 1,900 points of sale globally. Completion of the transaction will be subject to customary and regulatory approvals, and is expected in the summer.
Latham advised PAI Partners with a team led by partners Luca Crocco and Marc Williamson, respectively in Brussels and Washington, with counsel Mathilde Saltiel and associate Laure Maes in Paris, and counsel Peter Todaro in Washington.