M&A Deal Summary

Oaktree Capital Management and Pegasus Aviation Acquire Pegasus Aviation Finance Co.

On April 1, 2004, asset manager Oaktree Capital Management and Pegasus Aviation acquired aerospace company Pegasus Aviation Finance Co.

Acquisition Highlights
  • This is Oaktree Capital Management’s 1st and Pegasus Aviation’s 1st transaction in the Aerospace sector.
  • This is Oaktree Capital Management’s 16th and Pegasus Aviation’s 1st transaction in the United States.
  • This is Oaktree Capital Management’s 1st and Pegasus Aviation’s 1st transaction in New York.
Investment Fate
  • Pegasus Aviation Finance Co. was sold to a strategic buyer in 2007.

M&A Deal Summary

Date 2004-04-01
Target Pegasus Aviation Finance Co.
Sector Aerospace
Buyer(s) Oaktree Capital Management
Pegasus Aviation
Deal Type Joint Venture

Target

Pegasus Aviation Finance Co.

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.

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Buyer(S) 2

Buyer

Oaktree Capital Management

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 18 of 129
Sector: Aerospace M&A 1 of 2
Type: Joint Venture M&A Deals 1 of 3
State: New York M&A 1 of 6
Country: United States M&A 16 of 83
Year: 2004 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-04-01 American Ref-Fuel Co.

Montvale, New Jersey, United States

American Ref-Fuel Co. LLC is a waste-to-energy business is operated through subsidiaries whose equity is held by two separate entities, MSW Energy Holdings LLC (MSW I) and MSW Energy Holdings II LLC (MSW II)

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-07 InfraSource Services

Media, Pennsylvania, United States

InfraSource Services, Inc. is a provider of infrastructure services to the electric, gas and telecommunications industries.

Sell -
Buyer

Pegasus Aviation

San Francisco, California, United States

Category Company
Founded 1988
Sector Aerospace
DESCRIPTION

Pegasus Aviation, Inc. is a provider of airlines for new deliveries and fleet management solutions.


DEAL STATS #
Overall 1 of 1
Sector: Aerospace M&A 1 of 1
Type: Joint Venture M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2004 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-11 Pegasus Aviation Finance Co.

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.

Sell -