Thales sells consumer navigation business to Shah Capital-led investor group
Clients Thales S.A.
Jones Day advised Thales S.A., a major electronic systems company acting in areas such as defense, aerospace, airlines security and safety, information technology, and transportation, in the €134 million (US$170 million) sale of its consumer navigation business to an investor group led by Shah Capital Partners, LP. The investor group also included Tudor Group, Galleon Management, Consolidated Press Holdings, AIG SunAmerica, and Westwood Holdings. The business sold has since been renamed Magellan Navigation, Inc. In addition to M&A representation, Jones Day provided IP and licensing advice regarding this transaction.