Maples and Calder Advises Avolon on US$10bn Acquisition

Grand Cayman, Cayman Islands | Maples and Calder recently assisted aircraft leasing company Avolon Holdings Limited (“Avolon“) in connection with its US$10 billion acquisition of the aircraft leasing business of CIT Group Inc.

The acquisition has doubled the scale of Avolon’s business to create the third largest aircraft leasing platform in the world, with a combined fleet of 868 aircraft valued at over US$43 billion.

Maples and Calder advised Avolon on all Cayman Islands and Irish law aspects of the financing, as well as the acquisition itself.  The Cayman Islands team was led by partner Jonathon Meloy with the assistance of associates Anthony Philp and Shari McField.  The Irish team comprised Partners Donna Ager, Ed Miller and John Breslin with the assistance of Counsel Mark Roberts and Associates Mary O’Neill, Ed Butler and Jordan O’Brien.

“We are pleased to have assisted long-time client Avolon on this monumental transaction.  Our continued involvement on complex cross border transactions highlights the unparalleled strength and expertise of our global team,” commented partner and Global Head of Finance Mark Matthews.

Maples and Calder’s global aviation team acts as Avolon’s exclusive legal advisers in Ireland and the Cayman Islands and has advised on its establishment, funding, ABS and IPO, among other major deals.

 

‘ENDS’

 

About Maples and Calder

Maples and Calder is a leading international law firm advising financial, institutional, business and private clients around the world on the laws of the Cayman Islands, Ireland and the British Virgin Islands.  Maples and Calder has offices in the British Virgin Islands, Cayman Islands, Dubai, Dublin, Hong Kong, London and Singapore.

With a reputation as an innovative, entrepreneurial firm, Maples and Calder is known worldwide as a market leader with highly qualified lawyers who are specialists in their respective practice areas.

Established in 1967, Maples and Calder celebrates 50 years of award winning excellence in 2017.

 

About MaplesFS

MaplesFS, through its divisions Maples Fiduciary, Maples Fund Services and Maples Private Client Services, is an independent global provider of specialised fiduciary, corporate formation, administration and trust and private client services.  With offices in key locations around the world, its clients include global financial institutions, institutional investors, investment managers and international corporations.

MaplesFS leverages its affiliation with international law firm, Maples and Calder, to provide professional and timely advice that draws upon jurisdictional knowledge and experience.  For more information, please visit www.maplesfs.com.

 

For additional information, please contact:

 

Peggy Basdeo

Senior PR and Marketing Executive

Maples and Calder

peggy.basdeo@maplesandcalder.com

Direct: +1 345 814 5548

 

News source: Press release

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