M&A Deal Summary

Macquarie Bank Acquires AWAS Aviation Capital - Aircraft Operating Lease Portfolio

On March 4, 2015, Macquarie Bank acquired business services company AWAS Aviation Capital - Aircraft Operating Lease Portfolio from AWAS Aviation Capital for 4.0B USD

Acquisition Highlights
  • This is Macquarie Bank’s 4th transaction in the Business Services sector.
  • This is Macquarie Bank’s largest (disclosed) transaction.
  • This is Macquarie Bank’s 11th transaction in the United States.

M&A Deal Summary
Date 2015-03-04
Target AWAS Aviation Capital - Aircraft Operating Lease Portfolio
Sector Business Services
Buyer(s) Macquarie Bank
Sellers(s) AWAS Aviation Capital
Deal Type Divestiture
Deal Value 4.0B USD

Target

AWAS Aviation Capital - Aircraft Operating Lease Portfolio

United States
AWAS Aviation Capital - Aircraft Operating Lease Portfolio comprises 90 modern, current-generation commercial passenger aircraft leased to 40 airlines. The weighted average age of the fleet is approximately 2 years with an average remaining lease term of 6.5 years. Narrowbody Airbus A320-200 and Boeing 737-800 aircraft comprise more than 90 per cent of the portfolio (by value). The remainder of the portfolio consists of Airbus A330 widebody aircraft.

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Buyer(S) 1

Buyer

Macquarie Bank

Sydney, Australia

website

Category Company
Founded 1969
Sector Financial Services
Employees19,266
Revenue 6.9B AUD (2022)
DESCRIPTION
Macquarie's corporate headquarters in downtown Sydney.
Macquarie's corporate headquarters in downtown Sydney.

Macquarie Bank is an Australian investment banking and diversified financial services group, providing banking, financial advisory and investment and funds management services. Macquarie Bank was founded in 1969 and is based in Sydney, Australia.

DEAL STATS #
Overall 23 of 25
Sector (Business Services) 4 of 5
Type (Divestiture) 6 of 7
Country (United States) 11 of 13
Year (2015) 1 of 2
Size (of disclosed) 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 Macquarie Equipment Finance

Toronto, Ontario, Canada

Macquarie Equipment Finance, Inc. is a provider of specialized financing and asset management solutions for enterprises, technology manufacturers and suppliers worldwide with capabilities to serve the needs of major multinational organizations through small and midsize businesses.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-14 Advantage Funding Management

Lake Success,, New York, United States

Advantage Funding Management Co., Inc. is a provider of equipment financing and leasing solutions for ground transportation to support vehicle dealers, distributors, manufacturers, and end users nationwide.

Buy -

Seller(S) 1

SELLER

AWAS Aviation Capital

Dublin, Ireland

website

Category Company
Founded 1985
Sector Business Services
Employees120
DESCRIPTION

AWAS Aviation Capital Ltd. is a major international aircraft leasing group with over 70 lessees in 45 countries, including some of the major international and regional airlines. Operating for more than 30 years, AWAS is one of the world’s major aircraft leasing companies, with a fleet of 263 owned, managed and committed narrow and wide-body aircraft, including a pipeline of 23 new aircraft on order to be delivered before the end of 2018. AWAS currently provides customized aviation solutions to over 85 airline customers in over 45 countries.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-11 Pegasus Aviation Finance

New York, New York, United States

Pegasus Aviation Finance Co. is a specialty finance company that purchases, finances, leases and manages passenger and freighter aircraft.

Buy -
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