Tag Archives: Aviation

Platinum Equity to Sell Unical Aviation to Satair, an Airbus Company

Platinum

A wide shot inside a large maintenance hangar with a red and white passenger jet (Unical) partially inside, surrounded by stacked boxes and industrial equipment. | Platinum Equity

Successful exit follows comprehensive four-year operational transformation program

LOS ANGELES (November 7, 2025) – Platinum Equity today announced it has signed a definitive agreement to sell Unical Aviation Inc. (“Unical”), a leading global provider of aerospace aftermarket solutions, to Satair, an Airbus company.

The sale includes Unical, a global aircraft parts and components supplier of Used Serviceable Material (USM) and its subsidiary eCube Solutions, a global expert in aircraft storage, disassembly, and transition services.

Platinum Equity acquired Unical in 2021. Over the past four years Unical has undergone a comprehensive transformation program designed to modernize operations, strengthen leadership, and accelerate growth.

“Over the past four years, we achieved those goals by partnering with the leadership team to implement advanced technology, expand global capabilities, and strengthen the company’s competitive position. This transaction is another example of how Platinum Equity can help family- and founder-owned businesses scale, innovate, and maximize their potential.”

Jacob Kotzubei, Co-President Platinum Equity

“We are proud of everything we accomplished at Unical,” said Jacob Kotzubei, Co-President of Platinum Equity. “When we acquired the business, we saw tremendous potential to modernize its operations, expand its position within the aerospace aftermarket, and elevate its presence on the global stage. Over the past four years, we achieved those goals by partnering with the leadership team to implement advanced technology, expand global capabilities, and strengthen the company’s competitive position. This transaction is another example of how Platinum Equity can help family- and founder-owned businesses scale, innovate, and maximize their potential.”

Highlights of Unical’s transformation under Platinum Equity’s ownership include:

  • Built a new leadership team of seasoned aerospace aftermarket professionals
  • Modernized technology platforms, including new ERP, auto-quoting and e-commerce systems, better enabling Unical to scale
  • Optimized geographic footprint and relocated headquarters and MRO operations to a purpose-built, lower-cost facility
  • Diversified inventory to include narrowbody and next-generation aircraft and engine content
  • Established a dedicated asset management team focused on maximizing returns
  • Completed three strategic add-on acquisitions, including ecube, which enhanced Unical’s end-of-life services and its global footprint

“We invested in the people, processes, systems, and inventory Unical needed to thrive in a rapidly evolving aerospace market,” said Dan Krasner, Managing Director at Platinum Equity. “From upgrading technology platforms to diversifying inventory and expanding service offerings, every initiative was designed to create a stronger, more resilient business. We are confident that under Satair’s ownership, Unical will continue to grow and deliver exceptional value to customers worldwide.”

The sale is subject to customary regulatory approvals and other closing conditions and is expected to be finalized in early 2026.

Jefferies, LLC and Fifth Third Securities are serving as financial advisors to Unical on the sale to Satair and ReedSmith is serving as the company’s legal counsel on the transaction.

About Unical

Founded in 1990 and headquartered in Glendale, AZ, Unical Aviation supplies aircraft parts and components to thousands of aviation customers around the globe. With roughly 90 million parts and over 1 million unique airframe and engine part numbers in stock, Unical is one of the largest suppliers of new and used serviceable material for the commercial aerospace industry. Unical’s recently expanded engines business and vertically integrated MRO and 145 repair affiliate companies provide a full and comprehensive aftermarket parts and service solution to the world’s most trusted airlines, OEMs, and MROs. Read more at www.unical.com

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions

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Griffin Global Asset Management Announces Closing of Inaugural $1.245 Billion Series into Mid-Life Aircraft Master Trust Platform

BainCapital

Dublin, Ireland – November 3, 2025 – Griffin Global Asset Management (“Griffin”) announces that GGAM Master Trust International, Ltd. and GGAM Master Trust US LLC (collectively, “GGAM Master Trust”), newly established special purpose companies comprising Griffin’s Midlife Aircraft Master Trust Platform, closed the inaugural issuance of $1.245 billion of Fixed Rate Notes (the “Series 2025-1 Notes”).

The Series 2025-1 Notes were comprised of:

–    $1.12 billion of 5.923% Class A Fixed Rate Notes (the “Series 2025-1 Class A Notes”)
–    $125 million of 9.702% Class Y Fixed Rate Notes (the “Series 2025-1 Class Y Notes”)

The Series 2025-1 Class A Notes and Series 2025-1 Class Y Notes are rated A- (sf) and BB- (sf), respectively by Fitch. The initial portfolio to be acquired by GGAM Master Trust using the proceeds of Series 2025-1 Notes have an initial appraised value of $1.44 billion. The E-Notes to be issued by GGAM Master Trust were acquired by funds managed or advised by Bain Capital, Griffin and or their affiliates. The initial aircraft portfolio comprises a mix of 25 narrowbody and widebody aircraft that have a weighted average age of 4.1 years and are on lease to 19 airlines in 15 countries. Griffin will act as a servicer with respect to the initial portfolio and any additional aircraft acquired by GGAM Master Trust.

Ryan McKenna, Griffin CEO, commented: “I am very proud to announce the closing of this milestone transaction, which is the largest issuance in the history of aircraft ABS markets.  The Griffin Master Trust establishes a new standard in aviation finance for mid-life aircraft by creating a dynamic funding platform that scales with future acquisitions and matches aircraft depreciation with amortizing debt securities.  This will serve as an integral part of Griffin’s financing strategy as we develop the master trust into the largest and most diversified ABS platform in the sector.  I am incredibly appreciative of the Griffin team and our financial and legal advisors at Mizuho, Bank of America, Hughes Hubbard, and Milbank who worked tirelessly to create this innovative funding model.”

Mizuho Securities and BofA Securities acted as Joint Structuring Agents and Joint Bookrunner. Citigroup, Goldman Sachs & Co. LLC and Morgan Stanley acted as Passive Bookrunner, Barclays, BMO Capital Markets, Fifth Third Securities, MUFG, PNC Capital Markets LLC, SMBC Niko, Societe Generale and Truist Securities acted as Co-Managers.

Hughes Hubbard & Reed LLP acted as counsel to Griffin and the GGAM Master Trust, and Milbank LLP acted as counsel to the Initial Purchasers, the Joint Structuring Agent and Joint Bookrunners, Passive Bookrunners and Co-Managers.  KPMG Ireland acted as tax advisors to Griffin and GGAM Master Trust.

The Initial Notes have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any other jurisdiction. The Initial Notes may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined in Regulation S of the Securities Act) (“Regulation S”) except in transactions exempt from, or not subject to, the registration requirements of the Securities Act.

About Griffin Global Asset Management

Griffin is a commercial aircraft leasing and alternative asset management business with offices in Dublin, Ireland, Tokyo, Japan, Singapore, Puerto Rico, and Los Angeles, CA.  Griffin’s team of professionals works closely with airlines, manufacturers, maintenance providers, and financiers to deliver innovative capital solutions globally.

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Jeppesen ForeFlight Launches as a Standalone Company to Redefine the Future of Aviation Software

Thomabravo

Company completes carve-out from Boeing and sale to Thoma Bravo for $10.55 billion

Fuses Jeppesen’s heritage of precise aeronautical data with ForeFlight’s digital-first aviation technology

DENVER and SAN FRANCISCO—The original innovators of aviation technology are back in a big way. Today, Jeppesen ForeFlight announced its launch as a new digital aviation entity, backed by Thoma Bravo, a leading software investment firm. The company has completed its separation from Boeing and sale to Thoma Bravo in an all-cash transaction valued at $10.55 billion. Brad Surak, who previously led the Digital Aviation Solutions business at Boeing, will lead Jeppesen ForeFlight as Chief Executive Officer.

“Backed by 90 years of Jeppesen’s gold-standard data and ForeFlight’s relentless spirit of exploration, this combination is building the most unified, intuitive platform in aviation,” said Surak. “As we return to independence alongside a leader in software private equity investing, we’re enabled to move faster, think bigger, and innovate.”

With the industry’s most comprehensive aeronautical data and a commitment to quality and safety, the company serves all four key aviation segments: Commercial, Business, Military and General Aviation. Jeppesen ForeFlight’s suite of solutions from flight planning and dispatch to crew tracking, are seamlessly integrated to power digital aviation.

Surak continued, “AI is the north-star for our multi-year roadmap of integrated solutions as we look to build on our proven heritage and move to new horizons. We have an unmatched history of pioneering – from inventing aviation charts to transforming aeronautical data into digitized pilot support systems – and we’ve only just scratched the surface of what’s possible. Jeppesen ForeFlight is bringing AI to aviation, from the flight deck to the operations control center driving increased operational efficiency and bolstering safety.”

As Jeppesen ForeFlight begins its new day one, the company remains steadfast in its mission to redefine the aviation landscape through innovation and a spirit of exploration. Rooted in the company’s legacy of trust and excellence, Jeppesen ForeFlight is committed to solving aviation’s toughest challenges and helping customers navigate an ever-evolving industry. From engineers and geospatial experts to innovators and customer advocates, the team at Jeppesen ForeFlight has a dedication to excellence and customer service.

“We are thrilled to complete this transaction and to support Jeppesen ForeFlight as a standalone company with significant growth opportunities ahead,” said Holden Spaht, a Managing Partner at Thoma Bravo. “The company has been a cornerstone of the aviation industry for more than 90 years, combining deep domain expertise with a culture of innovation. We look forward to helping strengthen that leadership position and leveraging AI to drive the next wave of digital transformation in aviation.”

“The closing of this transaction underscores Thoma Bravo’s continued leadership in software private equity investing,” said Scott Crabill, a Managing Partner at Thoma Bravo. “Jeppesen ForeFlight is a world-class vertical software and data business that plays a critical role in powering the aviation ecosystem. We’re excited to support the company’s talented team, invest in innovation, and help accelerate its next phase of growth and global expansion.”

Brian Jaffee, a Partner at Thoma Bravo, added, “Jeppesen Foreflight is an incredibly special business, and we look forward to working closely with Brad and the entire leadership team to build on the company’s strong foundation and support its growth as we expand the business both organically and through strategic M&A.”

More information on the company and its product offerings can be found at jeppesenforeflight.com.

About Jeppesen ForeFlight
Jeppesen ForeFlight is a leading provider of innovative aviation software solutions, serving the Commercial, Business, Military, and General Aviation sectors globally. Combining Jeppesen’s 90-year legacy of accurate aeronautical data with ForeFlight’s expertise in cutting-edge aviation technology, the company delivers an integrated suite of tools designed to enhance safety, improve operational efficiency, and sharpen decision-making. From the cockpit to the control center, Jeppesen ForeFlight empowers pilots, business fleets, airlines, and militaries with solutions that enable them to plan and execute their missions safely and efficiently. Jeppesen ForeFlight is paving the way for the future of aviation intelligence with a commitment to quality, precision, and forward-thinking innovation. For more information, visit jeppesenforeflight.com or follow Jeppesen ForeFlight on: LinkedIn Jeppesen ForeFlight | X @jeppesenforeflight.

About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with over US$181 billion in assets under management as of June 30, 2025. Through its private equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo’s deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 555 companies representing approximately US$285 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo’s website at thomabravo.com.

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SK AeroSafety Group successfully completes acquisition of Reheat Aero Limited

Bridgepoint

SK AeroSafety Group is delighted to announce the successful acquisition of Reheat Aero Limited (“Reheat”), a leading independent MRO and aftermarket provider offering a one-stop shop for a wide range of aircraft galley equipment and cabin interior products.

Based in Alton, Hampshire, the acquisition of Reheat represents a major step forward in SK AeroSafety’s global ambitions to become the leading group of companies specialising in the repair of aircraft components for the aviation market. Reheat’s expertise in aircraft galley equipment and cabin interior repair makes it a highly attractive addition to the SK AeroSafety family, expanding our service offerings, increasing scale, and enabling us to better support our joint customers.

With a history dating back to 1998, Reheat brings to SK AeroSafety Group a unique and extensive experience as the go-to leader in the interiors MRO space. Their modern 16,000 sq ft facility in Alton, Hampshire, UK is strategically located within 90 minutes of all major London airports. The company’s exceptional customer service standards and deep technical expertise perfectly complement SK AeroSafety Group’s existing portfolio and strengthen our ability to serve diverse customer segments across the global aviation market.

The SK AeroSafety Group supports the aerospace sector worldwide with MRO component services, establishing itself as a business built upon service, quality, and reliability – all in pursuit of its purpose: Keeping Aviation Safe. With industry-leading turnaround times and competitive pricing, the Group generates over EUR 100 million in annual revenue and employs a skilled workforce of more than 550 staff across its global operations, spanning 19 service centres from Los Angeles to Sydney.

The transaction is supported by SK Aerosafety Group’s existing sponsor Bridgepoint, which partnered with the company in 2023 via Bridgepoint Development Capital, a lower middle-market fund focused on supporting fast-growing businesses across Europe. The partnership between SK Aerosafety Group and Bridgepoint – one of the world’s leading quoted private asset growth investors with over $86 billion under management – is focused on expanding the firm’s capabilities and geographic presence, positioning SK AeroSafety to pursue accretive acquisitions and investment opportunities while benefitting from Bridgepoint’s global network and deep sector expertise.

With this acquisition, the SK AeroSafety Group reaffirms its dedication to providing top-tier aviation services while actively expanding its range of solutions to meet the current and future needs of the industry.

Financial details of the transaction were not disclosed.

Bridgepoint Group is one of the world’s leading quoted private asset growth investors, specialising in private equity, infrastructure and private credit.

With over $86 billion of assets under management and a strong local presence in Europe, North America and Asia, we combine global scale with local market insight and sector expertise, consistently delivering strong returns through cycles.

Bridgepoint Advisers Limited, a subsidiary of Bridgepoint Group plc, is authorised and regulated by the Financial Conduct Authority.

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Ardian and Finint Infrastrutture, together with Sviluppo 87, have signed an agreement for the joint acquisition of Milione S.p.A., parent company of Save S.p.A., a leading airport platform, including Venice Airport

Ardian

Ardian, a world-leading private investment firm, and Finint Infrastrutture, built leveraging Finanziaria Internazionale  Holding’s experience in asset management to boost Italy’s infrastructure sector, today an-nounced the signing of the agreement for the joint acquisition of Milione S.p.A., the parent company of Save S.p.A., which primarily operates in the airport sector, including Venice Marco Polo Airport, one of Italy’s three intercontinental airports and a strategic gateway at both national and international level.

Finint Infrastrutture together with Sviluppo 87 and Ardian have reached an agreement for the joint ac-quisition of approximately 100% of Milione S.p.A, while confirming the company’s current manage-ment team. The closing of the transaction is expected by the end of 2025/beginning of 2026. The transaction entails the exit of the current shareholders, funds managed by DWS Infrastructure and InfraVia Capital Partners, while Sviluppo 87, controlled by Finanziaria Internazionale Holding, will remain a shareholder of Milione S.p.A.

The transaction marks the beginning of a strategic partnership between Ardian and Finint Infrastrutture, aimed at supporting the growth of both Save and the North-East Airport System, as well as at establish-ing a strategic operator to pursue new acquisitions as part of an external growth strategy.

The Save Group includes the airports of Venice, Verona, Treviso and Brescia, as well as a participation in Charleroi Air-port in Belgium. In 2024, the SAVE Group handled around 29 million passengers: over 18.3 million passengers at the three Veneto airports, marking a 3.1% increase compared to the previous year, and 10.5 million passengers at Charleroi, 12% increase compared to the same period. In the first half of 2025, the Veneto airports reported a further 5.2% increase, with Venice confirming its central role as Italy’s third intercontinental hub; Charleroi grew by 7%.

“This transaction represents, for us, the next step of an infrastructure journey that we initiated with a clear vision twenty-five years ago, leading to the successful creation of the North-East Airport System as well as our participation in Charleroi Airport. Partnering with a leading international player such as Ardian allows us to share new growth ambitions, while reinforcing our commitment to the regions where we operate and to the social and economic communities we serve. I am confident that this deal, carried out alongside Finint Infrastrutture SGR — which is positioning itself as a new player in the national and European infrastructure investment scene — is fully aligned with the broader strategic framework of a sector that demands the strength of solid, long-term investors”. Enrico Marchi, Founder of Finanziaria Internazionale Holding and President of Save Group

“This transaction reflects our strong confidence in Save’s future and in the strategic role of the airports man-aged by the Group, which serve both as a gateway and a showcase for the cities that are symbols of Eu-ropean culture and economy. It also reaffirms Ardian’s strong interest in both the Italian market and the sec-tor. We will work closely with the company’s management team and the relevant institutions to support the sector’s development, while continuing to deliver and enhance excellent services for passengers, airlines and local communities. We are pleased to start this new phase of the company’s growth alongside Finint.” Mathias Burghardt, Executive Vice President, CEO of Ardian France and Head of Infrastructure, Ardian

“We are particularly proud to have been part of a transaction of strategic importance for the Italian airport sector. Our goal, together with our partner Finint Infrastrutture, is to further strengthen and enhance Save’s position as a leading airport operator in Italy, with Venice Airport serving as a key driver for the tourism’s growth and for the local and national economy and in Belgium with the strategic shareholding in Charleroi. Alongside our partner and the management of the Group, we will support the company on its continued path of sustainable growth, reinforcing its long-term competi-tiveness, consolidating collaboration with local stakeholders, and contributing to the sector’s transition to-wards decarbonization”. Rosario Mazza, Senior Managing Director and Head of Infrastructure Italy, Ardian

“The creation of Finint Infrastrutture SGR marks an innovative step for Italian asset management. Our goal is to equip the country with modern, efficiently managed infrastructure while creating value for investors. Finint Infrastrutture SGR emerges as a new player in Italy and Europe’s infrastructure investment landscape, starting with the airport sector and beyond. This transaction is the first significant step in a broader growth path, look-ing ahead with ambition and a clear industrial vision.” Fabrizio Pagani, President, Finint Infrastructure SGR

“I am very pleased with this transaction, which, in continuity with what we have achieved so far, posi-tions the Group for growth process both in Italy and abroad, while reaffirming our strong commitment to environmental, economic and social sustainability in the regions where we operate.This agreement was made possible thanks to the strong expertise of our management team and the commitment of all our people, who over the years have embraced the principles of responsibility that guide our work, turning them into a meaningful and effective customer experience for the passengers at our airports”. Monica Scarpa, CEO, Gruppo Save

The Finanziaria Internazionale Group has gained extensive experience in the infrastructure sector be-yond airports, having invested in multi-utilities and healthcare, as well as indirectly through SAVE in Cen-tostazioni alongside Ferrovie dello Stato, and in the motorway sector.

Through its direct infrastructure investment activities, Ardian has built significant experience in the airport sector, playing a key role in driving growth in Italy and Europe. Last July, Ardian completed the acquisi-tion of an additional 10% stake in Heathrow Europe’s leading airport, increasing its total holding to 32.6%.

In Italy, Ardian has been an indirect shareholder of the airports of Milan Linate, Milan Malpensa, Na-ples, Turin and Trieste. During the investment period, Ardian supported the growth and sustainable de-velopments of the platform, leading a number of innovative initiatives.

Mediobanca and Intesa Sanpaolo – IMI Corporate & Investment Banking acted as financial advisors to Ardian, while Finint Infrastrutture, was supported by Banca Finint and Goldman Sachs Bank Europe SE Italy Branch.  Clifford Chance and Chiomenti assisted the consortium as legal advisors.

Completion of the transaction remains subject to the approval of the relevant regulatory authorities.

ABOUT ARDIAN

Ardian is a world-leading private investment firm, managing or advising $192bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and foster-ing a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 19 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance com-bined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

ABOUT FININT INFRASTRUTTURE SGR

Società di Gestione del Risparmio S.p.A., based in Venice and controlled by Finanziaria Internazionale Holding S.p.A., was authorized in 2023 to operate as an asset manage-ment company under Italian law. In addition to the launch and management of the Marco Polo Fund, the firm focuses on managing reserved Italian and EU alternative investment funds (AIFs), open exclusively to professional investors. Its goal is to establish closed-end funds investing primarily in airport and aviation infrastructure, transport infrastructure such as railways, ports and toll roads, energy infrastructure, as well as specialized sectors includ-ing data centers, fiber optic networks and social and healthcare infrastructure. Finint Infrastrutture is part of Finanziaria Internazionale Holding’s forty years of experience in asset management.

www.infrasgr.com

Press contact

Ardian

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ardian@imagebuilding.it 

Press contact

FININT INFRASTRUTTURE

Community

Giovanna.benvenuti@community.it 

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BOND Launches Exclusive Aviation Club for the Premium Private Flyer with $350M Investment Led by KKR

KKR

Powered by Bombardier Aircraft and Services, BOND Offers Fractional Ownership of Factory-New Super Mid- and Large Cabin Challenger 3500, Global 6500 and Global 8000 Aircraft

First-Of-Its-Kind Service Agreement with Bombardier Ensures Industry-Leading Reliability and On-Time Performance

With Support from KKR and Select Group of Founding Partners, BOND Creates A New Category in Private Aviation Defined By Unsurpassed Quality, High-Touch Service, Capital-Efficient Ownership, and Lowest Owner-to-Aircraft Ratio in the Industry

NEW YORK–(BUSINESS WIRE)–BOND, the world’s first premium fractional aviation company, today announced the close of $320 million in preferred equity and debt financing led by credit funds and accounts managed by leading global investment firm KKR, with $30 million of equity funding from a select group of founding partners. In a market where demand for private flying is at record highs and fractional ownership is outpacing every other category of business aviation, BOND introduces a model built for premium private flyers who value exclusivity over scale.

Launched in strategic collaboration, with a fleet composed exclusively of Bombardier aircraft, BOND introduces “Fractional 2.0” – ownership for a new generation of private flyers who expect reliability, service excellence, and capital-efficient ownership. The company’s $1.7 billion firm order and services agreement includes 50 factory-new Challenger 3500 and Global 6500 aircraft and options for 70 more Challenger and Global planes. With those additional aircraft, BOND’s Bombardier purchase could exceed $4 billion in value.

BOND’s agreement with Bombardier also creates a first-of-a-kind, fully integrated OEM–operator service agreement to maximize uptime and provide exceptional operational reliability. The relationship ensures BOND members benefit from Bombardier’s U.S. service network, and on-site maintenance resources dedicated solely to the BOND fleet.

With its launch, BOND will introduce the first 100-percent super-midsize and large-cabin fractional fleet in private aviation, creating a category built entirely around long-range comfort, precision, and availability. It will also operate the first 100% flight-attended fleet in fractional aviation, redefining service standards and delivering a level of personalization unmatched in the industry.

Led by industry veteran Bill Papariella, Chairman and Group CEO, BOND’s leadership team brings decades of operational experience with a record of delivering strong performance and managing complex aviation operations.

Alongside KKR, the company also launches with the support of a select group of large family office founding partners. Together, their perspective as sophisticated investors and flyers helps ensure BOND is built around the needs of the customers it is designed to serve.

“We created BOND to deliver on the promise of what private aviation was always meant to be — personalized, predictable, and with exceptional levels of service,” said Bill Papariella, Chairman and Group CEO of BOND. “We are not building for scale. We are building for the select few who expect service perfection every time they fly.”

“We are proud to collaborate with BOND and its proven leadership team led by Bill Papariella, whose vision and track record in private aviation are well recognized,” said Éric Martel, President and CEO, Bombardier. “This agreement goes beyond an aircraft order, it marks a first-of-a-kind, uniquely integrated service collaboration. BOND’s confidence in our top-ranked global service network reinforces our position as the benchmark for reliability, responsiveness and customer support, delivering the peace of mind that only Bombardier can provide.”

“We are thrilled to build on our longstanding relationship with Bill and his team as they launch BOND,” said Patrick Clancy, Director at KKR. “We believe BOND represents the next evolution in private aviation – a model that prioritizes quality, service, and efficiency over scale. This team’s proven track record, coupled with the strength of the Bombardier collaboration, makes BOND well positioned to set a new standard for premium private travel.”

A Model Designed for Best-in-Class Reliability and an Unrivaled Customer Experience

Key elements of BOND’s model include:

  • Fewer owners per aircraft, limited to 10 per aircraft which is lowest in the industry
  • Exclusive fleet, reserved only for fractional owners – no jet-cards or charter dilution
  • Standby capacity increasing reliability, with reserved aircraft pre-positioned to cover peak customer demand
  • First-of-a-kind OEM service agreement, backed by dedicated resources in Bombardier’s top-rated network
  • Flight attendants on every flight, including super-midsize jets, an industry first
  • The highest-paid and most experienced pilots
  • 100% Super-mid and Large Cabin fleet
  • Evergreen membership with an intelligent capital efficient design

Members will begin flying in early 2027. For more information, please visit www.bond.co

 

About BOND

BOND is the world’s first premium fractional aviation company. Through a first-of-its-kind, fully integrated OEM–operator service agreement with Bombardier, BOND defines a new category in private aviation built on unsurpassed quality, high-touch service, capital-efficient ownership, and the lowest owner-to-aircraft ratio in the industry.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit, and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Contacts

BOND@trailrunnenrint.com

 

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Titan Aviation Leasing, Bain Capital and Atlas Air Worldwide Launch Second Freighter Aircraft Investment Platform with $410 Million Capital Commitment

BainCapital

Expanded Platform Builds on Success of Titan Aircraft Investments I to Strengthen Global Freighter Leasing Portfolio

DUBLIN – September 2, 2025 –Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide [“Atlas”], and Bain Capital today announced the successful closing of Titan Aircraft Investments II, DAC (“TAI 2”), a new freighter aircraft investment platform. TAI 2 launches with a $410 million capital commitment from Bain Capital and Atlas that further scales the firms’ joint venture platform that is focused on delivering flexible and efficient freighter leasing solutions worldwide.

Building on the strong performance of Titan Aircraft Investments I, Ltd. (“TAI 1”), which was established in 2019 and launched with $400 million in initial capital commitments, TAI 2 represents a milestone expansion of the freighter leasing platform to meet sustained global demand for dedicated cargo aircraft.

TAI 1 targeted long-term deployment of $1 billion in assets. Since TAI 1’s inception, Titan Aviation Leasing has acquired 19 aircraft across 11 lessees worldwide, capitalizing on secular demand for cargo aircraft driven by robust e-commerce growth.

Titan Aviation Leasing will continue to provide comprehensive aircraft and lease management services across both portfolios, leveraging its deep cargo aviation expertise to support a growing and diversified customer base.

“The successful deployment of TAI 1 has demonstrated the strength of our partnership with Bain Capital and Atlas, and the critical role Titan plays in delivering efficient, flexible freighter leasing solutions,” said Eamonn Forbes, Senior Vice President and Chief Commercial Officer, Titan Aviation Leasing. “We are excited to scale this platform further with TAI 2 and continue supporting the evolving needs of the global air cargo industry.”

“This expanded platform underscores our commitment to the freighter leasing sector and to building long-term solutions for our customers,” said Michael Steen, Chief Executive Officer, Atlas Air Worldwide.

“We are proud to deepen our partnership with Titan and Atlas as we expand our platform to meet the increasingly complex demands of global cargo supply chains,” said Matthew Evans, a Partner at Bain Capital. “By leveraging our combined expertise with the ability to act quickly and efficiently in a continually evolving market, we are well positioned to continue delivering flexible, high-impact solutions that help freight operators around the world meet their diverse financing needs.”

About Titan Aviation Leasing:
Titan Aviation Leasing is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide. Titan Aviation Leasing’s fleet of cargo aircraft supports customers, including international flag carriers, express operators, e-commerce providers, and regional and domestic carriers. Titan Aviation Leasing’s deep airfreight domain expertise and innovative asset management solutions help customers quickly ramp up their aviation operations while minimizing capital investment.

Titan Aviation Leasing provides management services to the joint venture, including aircraft acquisitions, lease management, passenger-to-freighter aircraft conversion oversight, technical expertise, and disposal of aircraft.

About Atlas Air Worldwide:
Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Titan Aviation Holdings, Inc., and Polar Air Cargo Worldwide, Inc. Our companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777 and 767 aircraft for domestic, regional and international cargo and passenger operations.

Media Contacts

 For Bain Capital Double Impact:

 Edward de Sciora

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Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield to Acquire Air Lease Corporation in 100% Cash Transaction

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Leading investors with a long-term strategic focus deliver transformational transaction for the aircraft leasing sector 

  • Sumitomo Corporation, SMBC Aviation Capital, Apollo and Brookfield have reached a definitive agreement to acquire Air Lease Corporation through a newly established entity, Sumisho Air Lease Corporation (Ireland) DAC
  • Air Lease will be renamed Sumisho Air Lease Corporation (“Sumisho Air Lease”) and its orderbook is expected to transfer to SMBC Aviation Capital as part of the transaction; SMBC Aviation Capital will act as a servicer to Sumisho Air Lease’s portfolio
  • Apollo and Brookfield to provide capital to support the acquisition, joining Sumitomo Corporation and SMBC Aviation Capital as aligned investors
  • Sumisho Air Lease will be optimally positioned to capitalise on airline and investor demand in a supply constrained environment
  • Sumisho Air Lease is expected to be an investment-grade rated aircraft lessor with a globally diverse group of airline customers and portfolio of new technology aircraft

New York, Dublin, Tokyo – September 2, 2025: Sumitomo Corporation, SMBC Aviation Capital, Apollo managed funds (“Apollo”) and Brookfield, today announced that they have reached a definitive agreement to acquire Air Lease Corporation (“Air Lease”), a leading aircraft lessor founded by Steven F. Udvar-Házy and John L. Plueger with a portfolio primarily comprised of new technology aircraft. Upon closing, Air Lease will be renamed Sumisho Air Lease, a newly established entity. Apollo and Brookfield have agreed to provide capital to support the transaction.

Under the terms of the agreement, Air Lease common stockholders will receive $65.00 per share in cash, representing a total valuation of approximately $7.4 billion, or approximately $28.2 billion including debt obligations to be assumed or refinanced net of cash. The cash consideration represents a 7% premium over Air Lease’s all-time high closing stock price on August 28, 2025, a 14% premium over the volume weighted average share price during the 30 trading day period ended August 29, 2025, and a 31% premium over the volume weighted average share price during the last 12 months’ trading day period ended August 29, 2025.

Sumisho Air Lease’s position as an established aircraft lessor and SMBC Aviation Capital’s industry-leading capabilities bring scale and financial strength to address the fast-evolving and increasingly complex needs of airline customers. Sumisho Air Lease will further benefit from the Sumitomo Corporation and SMBC Aviation Capital’s deep expertise in, and long-standing commitments to, the aviation leasing sector.

Takao Kusaka, Group CEO, Transportation & Construction Systems Group of Sumitomo Corporation, said:

“We are honoured to have reached this significant agreement together with SMBC Aviation Capital, Apollo and Brookfield.

“Through this transaction, we will achieve greater scale and profitability, positioning the Sumitomo Corporation Group’s aircraft leasing business as one of the largest globally in terms of owned and managed aircraft through Sumisho Air Lease’s highly attractive portfolio centered on new tech aircraft.

“This will further strengthen our industry standing and enhance our competitive advantage. Sumisho Air Lease will be a core part of the Sumitomo Corporation Group’s wider investments in the aviation sphere. Sumisho Air Lease’s inclusion within the shareholder eco-system provides an opportunity to create powerful new synergy.”

Peter Barrett, Chief Executive Officer of SMBC Aviation Capital, said:

“This transaction is transformational for our business and the leasing landscape. Investing in Sumisho Air Lease, purchasing their orderbook and becoming servicer to the substantial majority of Sumisho Air Lease’s portfolio will enable us to deploy our financial scale and strength to meet the evolving needs of our customers and take a strategic lead in reshaping our sector.

“In our sector, economies of scale matter. Our industry is evolving at pace and requires significant and diverse pools of capital so that our airline and investor customers can be provided with the products and services they need.

“As one of the most well-regarded leasing platforms, with a portfolio focused on liquid, in demand, new tech aircraft, Air Lease presents an attractive opportunity for the co-investors.”

Jamshid Ehsani, Partner, Apollo, said:

“Apollo’s partnership with SMBC Aviation Capital and Sumitomo Corporation is a testament to our core principle of delivering tailor made, scaled and innovative capital solutions to corporations. This important industry transaction highlights the flexibility of the Apollo’s long-term insurance capital and our creative approach to high-grade capital solutions. Apollo has a distinguished and established track record in aviation investing, led by our industry experts at Perseus Aviation, and we are pleased to deliver the full strength of the Apollo ecosystem to the success of this transaction.”

Craig Noble, CEO of Brookfield Credit, said:

“We are pleased to partner with SMBC Aviation Capital and Sumitomo Corporation in this landmark transaction, which highlights Brookfield’s ability to provide hybrid solutions in an environment with a growing need for private capital. By combining our credit expertise, industry insight, and large-scale capital with the strengths of our strategic partner manager, Castlelake—a leader in aviation investing—this transaction demonstrates the value of flexibility and scale in today’s market.”

Additional Transaction Details

SMBC, Citi, and Goldman Sachs Bank USA have provided $12.1 billion of committed financing in connection with the transaction.

Sumisho Air Lease is expected to receive investment grade ratings from S&P, Fitch and Kroll.

The Board of Directors of Air Lease has unanimously approved the agreement. The transaction is subject to customary closing conditions, including approval by Air Lease’s common stockholders and receipt of certain regulatory approvals, and is expected to close in the first half of 2026. Air Lease’s directors and certain executive officers have agreed to vote the shares of common stock held by them in favour of the transaction.

Advisors

Citigroup Global Markets Limited and Goldman Sachs International are acting as financial advisors to SMBC Aviation Capital. Davis Polk & Wardwell LLP and McCann Fitzgerald are acting as legal advisors to SMBC Aviation Capital. Goldman Sachs Japan and Citigroup Global Markets Japan are acting as financial advisors to Sumitomo Corporation. Norton Rose Fulbright is acting as legal advisor to Sumitomo Corporation. Milbank LLP is acting as legal advisor to Apollo and Brookfield.

For more information, please contact:

SMBC Aviation Capital

Conor Irwin, SVP Communications (for media)
+353 87 381 6106

Mark Allen, Head of Corporate Finance (for investors)
+353 87 226 3622

FGS Global (for SMBC Aviation Capital) 

SMBCAviation-LON@fgsglobal.com

Richard Webster-Smith
+44 7796 708551

Rory King
+44 7917 086 227

Sumitomo Corporation

Contact Us | Sumitomo Corporation

Apollo

Noah Gunn, Global Head of Investor Relations
+1 (212) 822-0540
IR@apollo.com

Joanna Rose, Global Head of Corporate Communications
+1 (212) 822-0491
Communications@apollo.com

Brookfield

Rachel Wood, Vice President, Communications
+1 (212) 618-3490
Rachel.wood@brookfield.com

About Sumitomo Corporation

Sumitomo Corporation (TYO: 8053) is an integrated trading and business investment company with a strong global network comprising 127 offices in 64 countries and regions. The Sumitomo Corporation Group consists of approximately 500 companies and 80,000 employees on a consolidated basis. The Group’s business activities are spread across the following nine groups: Steel, Automotive, Transportation & Construction Systems, Diverse Urban Development, Media & Digital, Lifestyle Business, Mineral Resources, Chemicals Solutions and Energy Transformation Business. Sumitomo Corporation is committed to creating greater value for society under the corporate message of “Enriching lives and the world,” based on Sumitomo’s business philosophy passed down for over 400 years. Sumitomo Corporation

About SMBC Aviation Capital

SMBC Aviation Capital is a leading aircraft lessor globally by number of aircraft and benefits from the strong support of its shareholders Sumitomo Mitsui Financial Group and Sumitomo Corporation. SMBC Aviation Capital has a high-quality global airline customer base with a portfolio comprising 87% narrow-body aircraft and 73% new technology aircraft (by net book value). SMBC Aviation Capital has a strong capital position and holds an A- and BBB+ rating with S&P and Fitch respectively, reflecting the long-term strength of its business. For more information, please visit: https://www.smbc.aero/

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact to expand opportunity and achieve positive outcomes. As of June 30, 2025, Apollo had approximately $840 billion of assets under management. To learn more, please visit www.apollo.com

About Brookfield

Brookfield Asset Management (NYSE: BAM, TSX: BAM) is a leading global alternative asset manager, headquartered in New York, with over $1 trillion of assets under management. Brookfield invests client capital for the long term with a focus on real assets and essential service businesses that form the backbone of the global economy. Brookfield offers a range of alternative investment products to investors around the world — including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. We draw on Brookfield’s heritage as an owner and operator to invest for value and generate strong returns for our clients, across economic cycles.

Brookfield Credit manages approximately $332 billion of assets globally as of August 6, 2025, focused on a broad range of private credit investment strategies, including infrastructure, renewables, real estate, asset backed, and corporate credit. Return profiles span investment grade, sub-investment grade, and opportunistic. The business combines Brookfield’s substantial direct investment platform which has been developed over several decades, alongside Brookfield’s strategic partners, including Oaktree Capital Management, Castlelake, LCM Partners, 17Capital, and Primary Wave Music. As one of the world’s largest and most experienced credit managers globally, Brookfield Credit delivers flexible, specialized capital solutions to borrowers, and seeks to achieve attractive risk-adjusted returns for our clients. For more information, please visit our website at www.bam.brookfield.com

 

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Platinum Equity to Acquire Anuvu

Platinum

LOS ANGELES, CA (August 18, 2025) – Platinum Equity announced today that it has signed a definitive agreement to acquire Anuvu, a leading provider of global entertainment and high-speed connectivity solutions for airlines, VIP/VVIP aircraft, cruise lines and other mobility end-markets.

  • Headquartered in Lombard, IL, Anuvu serves more than 150 airline and 30 cruise-line customers worldwide. The company operates two primary divisions:
  • Media Technology Services: Licenses, distributes, localizes and delivers entertainment content for aviation, maritime and non-theatrical end markets, with a catalog of more than 400,000 titles
  • Connectivity: Provides telecommunications equipment, broadband satellite Internet access, passenger management services, and analytics solutions to airline customers.

“Anuvu is a leader in delivering exceptional entertainment experiences to global aviation customers and has developed highly innovative and technologically advanced satellite connectivity and content delivery platforms”

Jacob Kotzubei, Co-President, Platinum Equity

“Anuvu is a leader in delivering exceptional entertainment experiences to global aviation customers and has developed highly innovative and technologically advanced satellite connectivity and content delivery platforms,” said Platinum Equity Co-President Jacob Kotzubei. “As passenger traffic continues to grow, we are encouraged to see carriers making substantial new investments in both connectivity and entertainment, improving passenger and guest experiences. We look forward to working with Anuvu’s leadership team to capitalize on these tailwinds and other opportunities to grow the business.”

Joshua Marks, CEO of Anuvu, who has been with the company for 10 years and helped the business navigate through COVID and a subsequent transformation, will continue in his role following the acquisition.

“We’ve made strong progress in recent years by investing in both technology and content, focusing on our core strengths in the aviation and cruise markets. We recently activated the Anuvu Constellation, providing dedicated aviation satellite capacity over North America. In parallel, we continue to expand our Media partnerships to license, localize and distribute distinctive content to the world’s leading airlines and cruise lines,” said Marks. “We are excited to partner with Platinum Equity to leverage their financial expertise, global capabilities, and operational know-how supporting fast-growing portfolio companies.”

Platinum Equity has deep experience investing in technology and media businesses. Its current portfolio includes Deluxe, a leading provider of end-to-end post-production services for the world’s leading content production studios.

“Anuvu’s long-standing customer relationships, talented employees and global footprint provide a strong platform for organic growth,” said Platinum Equity Managing Director Dan Krasner. “We also see opportunities to leverage Anuvu’s content and technology capabilities to expand further into adjacent markets, including non-theatrical verticals, media processing and delivery, advertising and other custom services.”

Financial terms were not disclosed. The acquisition is expected to close in the fourth quarter calendar year 2025, after the receipt of required regulatory approvals.

Drake Star is serving as the exclusive financial advisor to Anuvu.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions.

About Anuvu

Anuvu connects and entertains the world’s passengers. Our award-winning content and connectivity solutions are reliable, scalable, and tailored to our customers’ brands and service objectives. With a flexible and agile approach, we maximize the technology available today, while optimizing for tomorrow.

Some of the most experienced professionals in the industry lead our teams and this, together with our long-standing client relationships, means we never stand still.

Anuvu. Let Innovation Move You.

Follow Anuvu on LinkedIn for further updates and insights.

 

Contacts:
Dan Whelan
Platinum Equity
dwhelan@platinumequity.com

Caroline Smith
Anuvu
caroline.smith@anuvu.com

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Ardian increases stake in Heathrow to 32.6%

Ardian

This statement should be read in conjunction with Ferrovial and Ardian’s statements issued on February 26th 2025.

•    Ardian has completed the acquisition of an additional 10% stake in Heathrow Airport allowing Ferrovial, La Caisse (previously CDPQ) and USS to exit their final minority stakes. This acquisition increases Ardian’s stake to 32.6%.
•    Ardian will continue to support Heathrow and its management to deliver sustainable growth and expand the “UK’s Gateway to Growth”. This in turn will support the UK Government’s Plan for Change.
•    Heathrow has shown consistent demand, breaking passenger records for the months of January, April and May so far this year. These results further support the need for a UK hub airport that has the capacity to ensure sustainable trade, business and passenger travel throughout the country and across the world.
•    Acquisition is further evidence of the growing strength and reach of Ardian’s Infrastructure practice as it seeks new investments around the world

Ardian, a world-leading investment firm, today announces that it has completed the acquisition of an additional 10 per cent stake in FGP Topco Ltd (TopCo), the holding company for Heathrow Airport Holdings Ltd, from Ferrovial SE and other TopCo shareholders, La Caisse (previously CDPQ) and USS (the Transaction).
Ardian is the largest shareholder in Heathrow, having previously completed the acquisition of a 22.6% stake in TopCo on 12th December 2024.

“This additional investment highlights the confidence we have in the future of Heathrow, Europe’s leading airport, and Ardian’s broader commitment to essential infrastructure as an asset class. Since we became the largest shareholder of Heathrow in December 2024, we have worked with our fellow shareholders, the management team and the UK authorities to ensure Heathrow provides the best service possible for passen-gers and airlines.
As the airport continues to serve an increasing number of passengers and global trade, we look forward to working with all stakeholders to deliver sustainable growth for the airport, fostering economic benefits across the country.
This investment is a further sign of our commitment to supporting the UK’s economic growth ambitions, combined with a net zero trajectory.  We are very pleased to have joined the discussion with HM Government at the UK France summit this week.” Mathias Burghardt, Executive Vice President, CEO of Ardian France and Head of Infrastructure, Ardian

“There remains strong and increasing demand for aviation which is underpinning the growth at Heathrow. This includes growing passenger demand, and the importance of cargo where Heathrow is already the UK’s biggest port by value. We are delighted the Government has recognized the importance of Heathrow and set out its ambition to see the airport expand. Our experience shows us Heathrow can grow sustainably, and we are ready to support the airport as it pursues expansion alongside the UK Government.” Juan Angoitia, Co-Head of Infrastructure Europe and Senior Managing Director, Ardian

Through its direct infrastructure investment activities, Ardian has significant experience in owning and operating European airports. In the UK, Ardian was a 49% shareholder of London Luton Airport from 2013 until 2018. During Ardian’s period of ownership, a significant redevelopment of the terminal, transport links and infrastructure was successfully completed in close cooperation with Luton Borough Council. In Italy, Ardian was an indirect shareholder of Milan Linate, Milan Malpensa, Naples and Turin airports alongside their regions and municipalities.

ABOUT ARDIAN

Ardian is a world-leading private investment firm, managing or advising $180bn of assets on behalf of more than 1,850 clients globally. Our broad expertise, spanning Private Equity, Real Assets and Credit, enables us to offer a wide range of investment opportunities and respond flexibly to our clients’ differing needs. Through Ardian Customized Solutions we create bespoke portfolios that allow institutional clients to specify the precise mix of assets they require and to gain access to funds managed by leading third-party sponsors. Private Wealth Solutions offers dedicated services and access solutions for private banks, family offices and private institutional investors worldwide. Ardian’s main shareholding group is its employees and we place great emphasis on developing its people and fostering a collaborative culture based on collective intelligence. Our 1,050+ employees, spread across 20 offices in Europe, the Americas, Asia and Middle East are strongly committed to the principles of Responsible Investment and are determined to make finance a force for good in society. Our goal is to deliver excellent investment performance combined with high ethical standards and social responsibility.
At Ardian we invest all of ourselves in building companies that last.

ardian.com

Media contacts

ARDIAN

Liz Morley

liz.morley@5654.co.uk+44(0)7798683108

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