News
CarVal Investors Signs Agreement to Acquire a Majority Holding of AerFin Limited
Friday 13th February 2015
CarVal Investors, a leading global alternative investment manager, signed an agreement to acquire a majority holding of AerFin Limited from its current owner, Bob James. Mr. James will remain as the Managing Director and CEO going forward and will retain 20 percent of the company.
“The acquisition of AerFin is a compelling investment in itself and in addition enables CarVal to invest effectively in a dynamic and growing market in a more strategic way,” said Justin Bradburn, managing director for CarVal Investors. “Bob James and the AerFin team will bring tremendous value to our ability to invest in end-of-life aircraft and engines.”
Bob James added, "I am delighted to have CarVal as an investment partner as the benefits they bring to AerFin in terms of access to significant capital and market reach strategically position the AerFin business for growth with a shareholder whose interests are very much aligned with our own.”
About AerFin Limited
AerFin was formed in 2010 by Bob James who has over 34 years in the aviation industry with asset trading and technical management. AerFin specializes in providing end-of-life solutions for investors, MROs and airlines exposed to technically challenging assets. EBITDA to Sept 2014 was in excess of million. For more information, visit www.AerFin.com.
About CarVal Investors
CarVal Investors is a leading global alternative investment fund manager focused on distressed and credit-intensive assets and market inefficiencies. Since 1987, its experienced team has navigated through ever-changing credit market cycles, opportunistically investing more than billion in 5,200 transactions across 71 countries. Today, CarVal Investors has over billion in assets under management in both credit and real estate strategies.
For more information, visit www.carvalinvestors.com.