Wafra Inc. Completes Strategic Acquisition of Aquila Air Capital

Wafra Inc. Completes Acquisition of Aquila Air Capital

Aquila Air Capital has joined forces with Wafra Inc., a prominent global alternative asset manager, marking an important milestone in their journey. Aquila, recognized for its expertise in aircraft leasing, has now become part of Wafra's diverse portfolio after a successful acquisition process.

Details of the Acquisition

The acquisition was solidified through a definitive agreement, ensuring Wafra takes a controlling interest in Aquila. Despite the challenges presented by regulatory environments, Wafra successfully navigated the approval process, demonstrating their commitment to expanding their capabilities in the aviation sector.

The Significance of the Acquisition

The leadership at Aquila expressed enthusiasm regarding the transaction. Al Wood, the CEO, indicated that this acquisition reflects the diligent efforts of the Aquila team and signifies a bright future for the company. With Wafra's backing, Aquila plans to innovate and broaden its service offerings, engaging a wider audience across the global marketplace.

Wafra's Perspective

Edward Tsai, a managing director at Wafra, shared his excitement about the acquisition, highlighting the robust demand for aviation equipment financing. The partnership is set to enhance Aquila's position as it aims to serve its clients effectively on a global scale.

Financial Support for Growth

ATLAS SP Partners, linked to Apollo funds, played a crucial role in the acquisition by providing the necessary credit facilities. This partnership illustrates the strategic approach taken by Wafra to secure the required funding for Aquila's growth trajectory.

Advisors Involved in the Acquisition

The transaction saw Aquila benefitting from the expert guidance of Evercore as its financial advisor. In addition, Kirkland & Ellis LLP provided legal expertise to facilitate the acquisition process, while Sidley Austin LLP offered legal support to Wafra, ensuring that all aspects of the transaction were professionally managed.

About Wafra Inc.

Wafra, an alternative investment manager, boasts approximately $28 billion in assets under management. Their focus spans various alternative asset classes, embodying a commitment to long-term relationships with asset owners and management teams. Wafra's global reach is supported by strategic offices in major financial hubs including New York, London, and Bermuda.

About Aquila Air Capital

Founded in 2021, Aquila Air Capital specializes in aviation asset financing and leasing. Their team, rich with experience in aviation, is dedicated to addressing the unique needs of stakeholders across the aviation industry. Their role as a reliable partner focuses on bridging gaps and providing timely solutions for clients.

Frequently Asked Questions

What led to Wafra's acquisition of Aquila Air Capital?

Wafra acquired Aquila to enhance its aviation financing capabilities and expand its investment portfolio in alternative assets.

How will this acquisition impact Aquila's operations?

The acquisition is expected to accelerate Aquila's growth, allowing them to introduce new offerings and reach a broader customer base globally.

Who provided financial support for the acquisition?

ATLAS SP Partners provided the credit facility facilitating the acquisition and supporting Aquila's future growth initiatives.

What is Wafra's expertise as a global investment manager?

Wafra specializes in managing diverse alternative investments, focusing on forming strategic partnerships that align with high-quality asset owners.

What services does Aquila Air Capital offer?

Aquila provides specialty financing focused on aviation, including the purchase and leasing of aircraft and engines, tailored to meet the needs of various industry players.

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