Milbank LLP represented Aurora Bidco LLC, an entity formed by Apollo Global Management (NYSE: APO) and Athene Holding (NYSE: ATH), in its purchase PK Airfinance from GE Capital Aviation Services (GECAS). Kirkland & Ellis represented Apollo Global Management in the transaction.
PK is GECAS’s aircraft lending unit. In connection with the transaction, Apollo acquired the PK Airfinance lending platform and Athene will acquire PK Airfinance’s existing $3.6 billion portfolio of loans.
The transaction was led by Milbank partners Drew Fine (Picture), Alexander Kaye and Sean Solis.
The Kirkland team was led by transactional partners Chris Torrente and Neal J. Reenan, and associate Lukas Richards.