Investec and BayernLB close $130m deal with ACS for 15 aircraft

Aero Capital Solutions logo

Our role

Investec Aviation Finance (Investec) and BayernLB Sector Aviation & Space have closed a $130.2m deal to finance 15 mid-life narrowbody aircraft managed by Aero Capital Solutions (ACS).

The aircraft are a mix of Boeing and Airbus passenger and freighter aircraft on lease to high-quality airlines globally.

Investec acted as a Structuring Agent, Mandated Lead Arranger and a Lender and BayernLB acted as Mandated Lead Arranger and a Lender.

Clifford Chance acted as a counsel for the Lenders and Vedder Price acted as a counsel for Aero Capital Solutions.

Lukasz Laski of Investec Aviation Finance commented: “Our latest Aviation Market Snapshot found that strong passenger demand, combined with production and certification delays, has created significant backlogs in aircraft delivery. This has meant we’ve seen healthy demand in the market for mid and end of life aircraft – and we are pleased to leverage our deep technical asset expertise to help service that demand. This transaction marks the latest step in our relationship with ACS and we look forward to continuing to work together in future.”

Viktor Berta, Director of Aviation & Space at BayernLB commented: “This transaction is a significant milestone, representing our first structured facility financing mid-life aircraft and adding a strategically important client. The mid-life space involves specific risks and considerations and requires specialist skills. The age and physical characteristics of the collateral portfolio necessitate an understanding of the relevant leasing and part-out market dynamics and require a structure that accommodates the client’s strategy while providing the lenders with a robust security and collateral package.”

Ricardo Ramos, Executive Vice President – Investments at ACS commented: “We are pleased to expand our relationship with Investec and to add BayernLB to our banking group and look forward to building a lasting relationship with both banks.”

About Aero Capital Solutions

Aero Capital Solutions (ACS) is a leading mid-life specialist lessor with more than $3bn of capital deployed since 2010 and 120+ aircraft currently under management.

About Investec Aviation Finance

Investec Aviation Finance is part of Investec Bank plc, the FTSE 250 bank. The team operates across the UK, South Africa, the US, Singapore and Dublin. Over the past 10 years it has originated c.$10bn of aviation debt and has acquired and managed more than $9bn of aircraft assets.