CarVal Investors signs agreement with AerFin to acquire a majority interest in AerFin Holdings Limited

Caerphilly-based AerFin Limited, a specialist provider of end-of-life aircraft and engine asset management services, has entered in to an agreement with CarVal Investors, a Minneapolis-based leading global alternative investment manager, that will see CarVal acquire a majority interest in the company.

Bob James, the founder of AerFin, will remain as the Managing Director and CEO going forward and will retain 20% of the company.

James commented, “The benefits that CarVal bring to the business in terms of access to significant capital and market reach, will strategically position AerFin for continued growth with a shareholder who’s interests are very much aligned with our own”.

Justin Bradburn, Managing Director for CarVal Investors, said, “The acquisition of AerFin is a compelling investment in itself and in addition enables CarVal to invest  in a dynamic and growing market in a more strategic way. Bob James and the AerFin team will bring tremendous value to our ability to invest in end-of-life aircraft and engines”.

About AerFin Limited

AerFin was formed in 2010 by Bob James who has over 34 years in the aviation industry, with huge experience in asset trading and technical management. AerFin specialises in providing end-of-life solutions for investors, MROs and airlines exposed to technically challenging assets. AerFin’s EBITDA to Sept 2014 was in excess of £3m.

About CarVal Investors

CarVal Investors is a leading global alternative investment fund manager, focused on distressed and credit-intensive assets and market inefficiencies. Since 1987, its experienced team has navigated through ever-changing credit market cycles, opportunistically investing more than $78 billion in 5,200 transactions across 71 countries. Today, CarVal Investors has over $10 billion in assets under management in both credit and real estate strategies.