“We will deploy US$140m of capital expenditure on aircraft and engine assets in the next 12 months,” says Gavin Simmonds, CEO, APOC Aviation
The Netherlands, October 16th 2024: APOC Aviation, the intuitive trading and leasing specialist focused on engines, landing gear and USM components, has secured a significant multi-faceted financing facility with Deutsche Bank AG via its transportation structured finance group. The funds will be used to expand APOC’s existing business portfolio whilst underpinning further vertical integration of future complementary solutions. The flexibility offered by Deutsche Bank enables APOC to grow exponentially in both the short and medium term.
“APOC is pursuing a dynamic trajectory as the business capitalises on opportunities that have been identified for expansion. We are pursuing a strategy of controlled growth that will propel APOC into a different stratum for trading, stocking and leasing aircraft assets,” comments Gavin Simmonds, CEO. “We will be very active in the market globally, so capital backing from an international major bank with an impeccable pedigree and reputation validates our plans. At the outset, we were focused on securing a facility of appropriate size with diverse borrowing criteria across a broad portfolio and aligned to our ambitious growth strategies. We have found Deutsche Bank’s open approach to be closely aligned to APOC’s company ethos and aspirations.”
APOC’s majority shareholder is private equity investor Egeria. The Netherlands -based fund has worked closely with the Company since 2020. It continues to spearhead APOC’s transformative global footprint with a focus on continued vertical integration at the forefront of the industry’s sustained recovery. “As the majority shareholder, Egeria endorses the funding facility with Deutsche Bank and is contributing additional equity into the business to fortify the continued growth programme,” says Ivo Groen in ‘t Woud, Partner - Egeria.
“We support APOC in its strategy to become a truly international USM (used serviceable material) provider and mature asset lessor. The business will become the intuitive choice for leading airlines and it is our role to help APOC navigate a precise and unwavering path to this outcome.”
Simmonds reiterates the importance of the Egeria relationship, “Their commitment continues to safeguard the heart of APOC and - as an integral part of our team - Egeria stood by APOC during the recent black swan event and are now working very closely with us as we build upon our quality-centric asset trading portfolio which is already expanding exponentially. Having just past the considerable milestone of ten years’ trading, it is fitting that we should celebrate an evolution within our business model that is fully supported by our investors and make a step-change in both size and market offerings. The future is very exciting and I know I speak for everyone involved when I say that APOC is more than ready to embrace new challenges with energy, commitment and teamwork.”
Sneha Kedia from Deutsche Bank summarises, “Deutsche Bank is pleased to have partnered with APOC on a facility that expands upon our more traditional aviation lending. We are confident that that the facility and relationship will grow and evolve as APOC penetrates a larger segment of the market with its leasing, exchange, and general trading of major assets and LRUs. APOC have demonstrated their market knowledge within the chosen Airbus, Boeing, Embraer and ATR sectors and have an aggressive expansion appetite which we are committed to funding as plans develop into tangible results.”