Vedder Price Advises Aero Capital Solutions in $413 Million Fund Raise and Related Aircraft Purchases
Vedder Price is pleased to announce that it represented Aero Capital Solutions, Inc. (ACS) in its second aviation fund raise with total aggregate equity commitments of $413 million. A team of lawyers from Vedder Price’s Private Fund Formation group, Tax group and Global Transportation Finance team worked with ACS on this transaction, which follows just one year after the closing of ACS’s debut fund in April 2019. In addition, Vedder Price has advised ACS in connection with purchase arrangements for the first 40 aircraft targeted for the fund as well as debt financing arrangements with several banks to finance those purchases.
“We’re proud of our continued partnership with ACS and the work our cross-disciplinary deal team put forth in assisting with this fund raise,” said Global Transportation Finance Shareholder Adam R. Beringer. “This transaction is yet another example of Vedder Price’s ability to leverage our industry-leading Global Transportation Finance team’s capabilities in the commercial aviation sector together with our burgeoning Private Fund Formation practice to produce an excellent result for our client.”
The Vedder Price team was led by Mr. Beringer and Joseph M. Mannon (Private Fund Formation), and also included Shareholders Mark J. Ditto (Global Transportation Finance) and Matthew P. Larvick (Tax), and Associates Cody J. Vitello (Private Fund Formation), Justine L. Chilvers, Jillian S. Greenwald and Pedro F. Eraso (Global Transportation Finance).
Vedder Thinking | News Vedder Price Advises Aero Capital Solutions in $413 Million Fund Raise and Related Aircraft Purchases
Press Release
April 27. 2020
Vedder Price is pleased to announce that it represented Aero Capital Solutions, Inc. (ACS) in its second aviation fund raise with total aggregate equity commitments of $413 million. A team of lawyers from Vedder Price’s Private Fund Formation group, Tax group and Global Transportation Finance team worked with ACS on this transaction, which follows just one year after the closing of ACS’s debut fund in April 2019. In addition, Vedder Price has advised ACS in connection with purchase arrangements for the first 40 aircraft targeted for the fund as well as debt financing arrangements with several banks to finance those purchases.
“We’re proud of our continued partnership with ACS and the work our cross-disciplinary deal team put forth in assisting with this fund raise,” said Global Transportation Finance Shareholder Adam R. Beringer. “This transaction is yet another example of Vedder Price’s ability to leverage our industry-leading Global Transportation Finance team’s capabilities in the commercial aviation sector together with our burgeoning Private Fund Formation practice to produce an excellent result for our client.”
The Vedder Price team was led by Mr. Beringer and Joseph M. Mannon (Private Fund Formation), and also included Shareholders Mark J. Ditto (Global Transportation Finance) and Matthew P. Larvick (Tax), and Associates Cody J. Vitello (Private Fund Formation), Justine L. Chilvers, Jillian S. Greenwald and Pedro F. Eraso (Global Transportation Finance).
