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A&O Shearman advises Bain Capital on preferred equity investment in MRO Holdings

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A&O Shearman has advised Bain Capital Special Situations (“Bain”), a global private equity firm with over USD20 billion in assets under management, in its preferred equity investment in MRO Holdings, Inc. (“MROH”). This investment supports MRO Holdings’ ongoing development and expansion of customer-centric initiatives and supports Bain in leveraging its global network and aviation experience to continue MROH’s upward trajectory. The first tranche closed on July 31, 2024, and the second tranche will close following customary antitrust procedures in Mexico and El Salvador.

MROH is a world-class aircraft maintenance, repair and overhaul company, backed by the Kriete family and Caoba Capital. MROH operates facilities in El Salvador, Mexico, Colombia and the United States, for approximately 10 million hours of aircraft maintenance and modifications for commercial airline customers annually.

“We are delighted to have advised Bain on one of the first significant preferred equity investments in El Salvador. This transaction’s international nexus and cross-border elements required a multidisciplinary team covering structured equity investments, investor protection, cross-jurisdiction tax structuring, and multi-jurisdictional regulatory compliance. It underscores the rising appeal of investing in Latin American markets and exhibits the unique strengths of the global A&O Shearman platform,” commented Kfir Abutbul, partner at A&O Shearman.

The A&O Shearman team was led by Corporate partner Kfir Abutbul with support from associates Brady Lambeth, Loni Cardoso, Ardi Khalafi and Hamza Mallick.

Specialist advice was provided by:

Antitrust – Elaine Johnston (partner), Nicholas Putz (associate), Kevin Duong (associate)
Compliance/Environmental/Regulatory – Ken Rivlin (partner), Maura Rezendes (partner), Maria Christopher Bell (senior counsel), Nick Ognibene (associate), James Daher (associate)
Employment – Brian Jebb (partner), Gina Marini (associate)
EU Regulatory – Pieter Huizing (partner), Julie van Pelt (associate), Natalia Gorina (paralegal)
Finance – Alexandra De Padua (partner), Becky Hval (associate)
International Arbitration – Patrick Pearsall (partner), David Ingle (counsel)
IP – Keren Livneh (partner), Chynna Foucek (associate), Will Jackson (associate)
Real Estate – Adam Sofen (partner), Kyle Heagney (associate)
Tax – Dave Lewis (partner), John Hibbard (senior counsel)
UK Corporate – Peter Banks (partner), Adarsh Chhabria (senior associate), Matt Maciejewski (associate)