Advising AIR Limited on $1.7bn business combination with Cantor Equity Partners III, Inc.

Our Jersey and Cayman Islands teams have advised AIR Limited (AIR) on its $1.7bn business combination with Cantor Equity Partners III, Inc. (CAEP).
 
AIR, a global leader in hookah and advanced inhalation technologies, has agreed a definitive business combination with CAEP, a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald. 
 
On completion, the combined entity, AIR Global Limited, will be incorporated in Jersey and listed on NASDAQ under the ticker AIIR, with an estimated enterprise value of US$1.7bn.
 
Our Jersey Corporate team, led by partner Kevin McQuillan with senior associate Timur Ochkhaev and associate Angharad Prescott, worked alongside our Cayman Islands Corporate team, led by partner Andrew Barker with associates Samuel Buchan and Samantha Currie, to advise AIR throughout this transaction.
 
Kevin commented: 'It was a privilege to support the AIR team on this important first step, working closely with our colleagues in the Cayman Islands. We look forward to continuing this journey together.'
 
This deal reflects the strength of our cross-jurisdictional collaboration, combining expertise from both offices to deliver seamless support for our client.