Vedder Thinking | News Vedder Price Advises Macquarie Group Acquisition of Waypoint Leasing
February 26, 2019
Vedder Price announced that it advised Macquarie Group Limited (“Macquarie”) on the negotiation of the purchase agreement for the acquisition of the helicopter leasing business of Waypoint Leasing Holdings Ltd. (“Waypoint”), the largest independent global helicopter leasing company. Macquarie Rotorcraft Leasing, a full-service helicopter operating leasing business, will combine the Waypoint helicopter assets and management platform with its own portfolio.
The transaction was approved on February 12, 2019 in New York bankruptcy court by U.S. Bankruptcy Judge Stuart M. Bernstein. On completion of the transaction, Macquarie will acquire most of the Waypoint helicopter fleet for $445 million.
Macquarie is a global provider of banking, financial, advisory, investment and funds management services. Macquarie acts on behalf of institutional, corporate and retail clients around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 25 countries and employs approximately 14,400 professionals.
The Vedder Price Global Transportation Finance (GTF) team providing counsel on this acquisition consisted of seven plus lawyers. The team was led by Geoffrey Kass and Michael Edelman.
“Vedder Price congratulates the Macquarie team on this purchase that will continue to build upon their strong franchise in the aviation finance sector. We are thrilled to be a part of the ongoing growth of the various platforms that are owned, managed and serviced by Macquarie,” said Geoffrey Kass, Chair of the Firm’s Global Transportation Finance practice.
The firm’s GTF practice serves a broad base of clients across all transportation sectors, including the aviation, aerospace, railroad and marine industries, and execute deals worldwide under U.S. and English law.