Debevoise & Plimpton LLP has advised Freshstream Investment Partners ("Freshstream") in a transaction which sees Arcus Infrastructure Partners take a c. 74% share of TrueNoord, the specialist regional aircraft lessor

As founding investor, Freshstream has agreed to re-invest to hold the remaining shares in the business.

The transaction is subject to customary conditions, and it is envisaged closing will occur in about two months.

For full details, see the official release here.

The Debevoise team advising Freshstream was led by partners Dominic Blaxill and Geoffrey Burgess, and included associates Milo Gordon-Brown, Yiran Ji, Jung-Wook Lee, Dabi Olu-Odugbemi, and Aleksei Shapovalov. Funds advice was provided by partner Matthew Dickman and associate Kay Hunter. Tax advice was provided by partner Richard Ward, counsel Paul Eastham and Veronika Polakova, and associates Anna Chirniciuc and Charlie Daley. Finance advice was provided by partner Almas Daud, and associate Lee Lancaster. Competition advice was provided by counsel Anne-Mette Heemsoth, and associates Lina Hamidou and Megan MacDonald. Antitrust/regulatory advice was provided by partner Tim Cornell and associate Sabine Kobienia. Employment advice was provided by counsel Sam Whitaker and associate Harriet McRae.