Case
29 August 2024
29 August 2024
SAS successfully emerges from restructuring proceedings
We advised private equity fund Castlelake on their investment in SAS (Scandinavian Airlines) after SAS has successfully completed its restructuring proceedings and emerged from chapter 11 in the US and from Swedish company reorganization
Together with US law firm Skadden, Arps, Slate, Meagher & Flom, we advised Castlelake on the financing and investment in SAS. Castlelake, together with Air France-KLM, Lind Invest and the Danish state, has entered into a consortium that will inject a total of USD 1.2 billion into SAS.
Kåre Schultz, who has previously held top positions in Novo Nordisk, Lundbeck and Teva, becomes Chairman of the Board.