Aviation Capital Group LLC (“ACG”) announced today that its parent company, Pacific Life Insurance Company, has entered into an agreement with Tokyo Century Corporation (TC), that results in an investment by TC for a 20 percent membership interest in ACG.
In addition to this initial investment, TC has agreed to provide additional capital to ACG to help accelerate ACG’s business expansion and create incremental business opportunities. Pacific Life will retain a controlling interest in ACG.
"We are very happy to add an experienced investor in Tokyo Century as a minority shareholder who recognizes the value of the ACG platform and is committed to ACG's growth,” said Khanh T. Tran, ACG's CEO.
The transaction is expected to close in the fourth quarter of 2017.
TC is publicly-held and listed on the Tokyo Stock Exchange. Its core lines of business include equipment leasing, specialty financing, domestic automobile financing, and international business with a global network in 37 countries. TC’s aircraft financing operation currently owns 48 aircraft. More information can be found at: www.tokyocentury.co.jp/en/.