Vedder Price Advises SKY Leasing in Strategic Partnership and Closing of $300 Million Aviation Asset Investment Fund
Vedder Price is pleased to announce that a multidisciplinary team of Global Transportation Finance and Investment Services attorneys advised SKY Leasing, a full-service aviation asset manager, in its strategic partnership with M&G Investments (M&G) to launch a $300 million aviation asset investment fund, with M&G investing operating capital into SKY Leasing in conjunction with the launch. The fund is expected to provide approximately $1 billion of capital to invest in new and current generation aircraft.
As servicer to the fund, SKY Leasing will focus on providing fleet solutions for its longstanding airline customers through the acquisition of current-generation and next-generation Boeing and Airbus aircraft.
Global Transportation Finance Shareholders Raviv Surpin and Clay C. Thomas and Investment Services Shareholders Joseph M. Mannon and S. Jay Novatney led the team from Vedder Price.
“This multi-faceted transaction showcases Vedder’s market leading skillsets in both aviation finance and investment services,” said Mr. Surpin. “I’m proud to have partnered with my colleagues to bring our client’s landmark equity investment to a successful close and look forward to the opportunities this new strategic partnership allows for SKY Leasing in the future.”
Vedder Thinking | News Vedder Price Advises SKY Leasing in Strategic Partnership and Closing of $300 Million Aviation Asset Investment Fund
Press Release
October 29, 2019
Vedder Price is pleased to announce that a multidisciplinary team of Global Transportation Finance and Investment Services attorneys advised SKY Leasing, a full-service aviation asset manager, in its strategic partnership with M&G Investments (M&G) to launch a $300 million aviation asset investment fund, with M&G investing operating capital into SKY Leasing in conjunction with the launch. The fund is expected to provide approximately $1 billion of capital to invest in new and current generation aircraft.
As servicer to the fund, SKY Leasing will focus on providing fleet solutions for its longstanding airline customers through the acquisition of current-generation and next-generation Boeing and Airbus aircraft.
Global Transportation Finance Shareholders Raviv Surpin and Clay C. Thomas and Investment Services Shareholders Joseph M. Mannon and S. Jay Novatney led the team from Vedder Price.
“This multi-faceted transaction showcases Vedder’s market leading skillsets in both aviation finance and investment services,” said Mr. Surpin. “I’m proud to have partnered with my colleagues to bring our client’s landmark equity investment to a successful close and look forward to the opportunities this new strategic partnership allows for SKY Leasing in the future.”
