Aergo Capital (Aergo) is delighted to announce that it has acquired Seraph Aviation Management Limited (Seraph Aviation) for an undisclosed fee. As part of the transaction, Aergo will assume the management and administration of (eighty-eight) 88 aviation assets spread across 38 unique lessees with a combined asset value of $2.5 billion.
The number of aircraft owned and managed by Aergo will increase to 304 aircraft assets (including aircraft under LOI), valued at approximately US$6.8 billion.
The business transaction is both strategic and historic for Aergo as well as being hugely beneficial for its overall operating platform in terms of future growth. The transaction puts Aergo in a solid position and cements its position as one of the top 20 aircraft lessors globally.
Mr. Fred Browne, Chief Executive Officer of Aergo, commented: “We are extremely happy to complete the acquisition of Seraph Aviation Management Limited which we believe is an excellent strategic fit with our existing managed asset portfolio and which will bring Aergo to the top of the industry league table by quantity of aircraft assets under management.”
Mr. David Butler, CEO Seraph Aviation Group commented “We are delighted to have completed this transaction with Aergo Capital”
Mr. Justin Bradburn, Principal at AB CarVal said: “The aviation industry just experienced one of its biggest shocks in history with the global pandemic and is firmly on its way back to a full recovery. AB CarVal is pleased to partner with Aergo Capital to find solutions for the industry.”