13:15 uur 11-03-2021

De luchtvaartinvesterings- en vermogensbeheeractiviteiten van DVB Bank worden overgenomen door SVPGlobal en EnTrust Global

LONDEN– (BUSINESS WIRE) – De Blue Sky Aviation-strategie beheerd door EnTrust Global (“EnTrust”), een toonaangevende alternatieve vermogensbeheerder, en fondsen beheerd door Strategic Value Partners, LLC en zijn dochterondernemingen (“SVPGlobal”), een wereldwijde investering bedrijf, hebben vandaag aangekondigd dat ze een definitieve overeenkomst zijn aangegaan om de Aviation Investment and Asset Management-activiteiten (de “Business”) van DVB Bank Group over te nemen. De transactie zal naar verwachting in de eerste helft van 2021 worden afgerond.

The Business, een van de top 10 luchtvaartservicebedrijven wereldwijd, zal worden overgenomen via een nieuw opgerichte Britse onderneming, Deucalion Aviation Limited (“Deucalion” of de “het bedrijf”). Tegenwoordig is het bedrijf een wereldwijd platform voor luchtvaartbeheer dat uitgebreide gebruiksklare oplossingen biedt voor financiële investeerders die kapitaal willen inzetten in vliegtuigactiva, door middel van creatie, structurering, uitvoering, fondsbeheer en een volwaardige reeks serviceactiviteiten, waaronder remarketing van vliegtuigen, technische beheer, leasebeheer en consultancy. Het 45-koppige team beheert ongeveer 160 vliegtuigen die verhuurd zijn aan meer dan 80 luchtvaartmaatschappijen wereldwijd, wat neerkomt op een totale vermogenswaarde van ongeveer $ 5 miljard.

DVB Bank’s Aviation Investment and Asset Management Business to Be Acquired by SVPGlobal and EnTrust Global

LONDON–(BUSINESS WIRE)– The Blue Sky Aviation strategy managed by EnTrust Global (“EnTrust”), a leading alternative asset management firm, and funds managed by Strategic Value Partners, LLC and its affiliates (“SVPGlobal”), a global investment firm, have today announced that they have entered into a definitive agreement to acquire the Aviation Investment and Asset Management business (the “Business”) from DVB Bank Group. The transaction is expected to close during the first half of 2021.

The Business, one of the top 10 aviation service companies globally, will be acquired through a newly incorporated UK company, Deucalion Aviation Limited (“Deucalion” or the “Company”). Today, the Business is a global aviation management platform that provides comprehensive turnkey solutions for financial investors looking to deploy capital in aircraft assets, through origination, structuring, execution, fund management and a full-fledged range of servicing activities, including aircraft remarketing, technical management, lease management and consultancy. The 45-strong team manages approximately 160 aircraft on lease to more than 80 airlines globally, representing approximately $5 billion in total asset value.

EnTrust and SVPGlobal’s investment is expected to provide the support required by the existing management team to build on its international growth strategy and explore complementary opportunities arising from the current aviation industry dislocation.

Deucalion, which will be led jointly by Jon Skirrow and Stephan Sayre, will be acquired through a joint venture formed between EnTrust and SVPGlobal, utilising the two firms’ complementary expertise. Senior members of the EnTrust Blue Sky Aviation and SVPGlobal teams have worked together on various transactions over the past 15 years.

Jon Skirrow said: “We are delighted to be partnering with EnTrust and SVPGlobal, following many successful years with DVB Bank Group. This new investment will support us in capitalizing on our strong growth trajectory, and we look forward to continuing to provide our world-leading services to our clients as we embark on the next stage of our development.”

Stephan Sayre added: “EnTrust and SVPGlobal, who share our vision of the opportunities in this sector today and in the long term, enable us not only to reinforce our commitment to providing best-in-class service for our clients, but also to significantly strengthen our offering of a broad array of innovative financing solutions to airline and leasing clients globally in the current environment.”

Victor Khosla, Founder & CIO of SVPGlobal, said: “This is an innovative platform with world class aviation expertise and an excellent track record in managing complex, large and unique projects across diversified asset types and structures over the last 17 years. Our investment as part of this joint venture with EnTrust is a testament to the sizeable market opportunity set we see ahead for the business.”

John Morabito, Senior Managing Director and Portfolio Manager of EnTrust Global’s Blue Sky Aviation strategy, said: “As we continue to build a multi-faceted, relative value investment platform in the aviation industry, this acquisition enhances EnTrust’s Blue Sky Aviation strategy with the full service capabilities critical to providing a wide offering of solutions to constituents within the market. We look forward to the opportunity to partner with SVPGlobal and the talented DVB management team, with whom our team has a long-standing relationship.”

About DVB

DVB Bank SE is a financial services provider specialising in international transport finance. With 329 employees and offices worldwide, the Bank manages a loan portfolio worth €3.9 billion. As an affiliate of DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, DVB is part of Germany’s second-largest banking group. Please visit our website www.dvbbank.com for additional information.

About EnTrust Global

EnTrust Global is a leading alternative asset management firm with approximately $19 billion in total assets*. Co-founded in 1997 by Chairman and CEO Gregg S. Hymowitz, the firm manages assets for over 500 institutional investors representing 47 countries and has approximately $10 billion in customized strategic partnerships. EnTrust Global offers a diverse range of alternative investment opportunities across strategies, including private debt and real assets as well as opportunistic co-investments and direct investments. EnTrust Global has 11 offices worldwide and is headquartered in New York and London.

*As of September 30, 2020. Based on estimates and includes assets under advisement and mandates awarded but not yet funded.

About Strategic Value Partners

SVPGlobal is a global investment firm with approximately $11 billion in assets under management. The firm, established by Victor Khosla in 2001, has 127 employees, including 49 investment professionals, across its main offices in Greenwich (CT), London and Tokyo. Learn more at www.svpglobal.com.

Contacts

DVB
Stephan Sayre

Stephan.Sayre@dvbbank.com
+44 207 2564 344

Jon Skirrow

Jon.Skirrow@dvbbank.com
+44 207 2564 430

EnTrust Global
Hiltzik Strategies

Meghan Kilkenny, Chris Cunningham

EnTrust@hstrategies.com
+1 (212) 792-9338

SVPGlobal Europe
Greenbrook Communications

James Madsen, Mikaela Murekian, Fanni Bodri

svp@greenbrookpr.com
+44 20 7952 2000

SVPGlobal – North America
Kekst CNC

Todd Fogarty, Richard Goldman

SVPGlobal@kekstcnc.com
+1 (212) 521-4800

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