SVP Global and EnTrust Global’s Acquisition of Aviation Investment and Asset Management Business from DVB Bank

Karl Pardaens,Alison Beal,Joel Brand,Nils Bremer,Martin Brennan,Gemma Cullen,Andrea Eggenstein,Drew Fine,Cosmos Fung,Pascal Haerdtner ,Joel Harrison,Sebastian Heim,Thomas Ingenhoven,Russell Jacobs,Mahmood Kawany,Thomas Kleinheisterkamp,Victoria Mansoor,Freyda Mechlowicz,Gerrit Merkel,Natasha Neale,Coral O'Connor,Lisa O'Neill,Bradley Pearson,Maximilian Pechtl,Michael Pujol,Alexander Rinne,Alexandra Schäfer,Fritz Schuchmann,Matt Slider,Katherine Soanes ,Sebastian Trompler,Sarah Ullathorne,Markus von Lutterotti,Odilo Wallner,Alex Wang ,Elvinger Hoss Prussen,Milbank,EnTrust Global,Strategic Value Partners - SVP,

Milbank LLP advised SVP Global and EnTrust Global on the deal. While Elvinger Hoss Prussen advised the Blue Sky Aviation strategy of EnTrust Global and funds managed by Strategic Value Partners.

The Blue Sky Aviation strategy of EnTrust Global, a leading alternative asset management firm, and funds managed by Strategic Value Partners and its affiliates, a global investment firm, announced the acquisition of DVB Bank Group’s Aviation Investment and Asset Management business, a leading global aviation services company. The business will be acquired through Deucalion Aviation Limited, a newly incorporated UK joint venture company between EnTrust and SVPGlobal. EnTrust and SVPGlobal’s support is expected to further enhance the business’s growth internationally and allow it to explore complementary opportunities arising from the current aviation industry dislocation.

The Aviation Investment and Asset Management business is a global aviation management platform that provides turnkey solutions for financial investors looking to deploy capital in aircraft assets, through origination, structuring, execution, fund management and a full-fledged range of servicing activities. Forty-five employees manage approximately 160 aircraft on lease to more than 80 airlines globally, representing approximately $5 billion in total asset value. The business will continue to be led jointly by Jon Skirrow and Stephan Sayre.

The Milbank Team was led by partners Sebastian Heim (Corporate/M&A, Munich, Picture) and Drew Fine (Transportation and Space, New York) and included the partners Thomas Kleinheisterkamp (Tax), Alexander Rinne (Antitrust, both Munich), Thomas Ingenhoven (Finance, Frankfurt), Freyda Mechlowicz (Transportation and Space, New York), Joel Harrison (Technology, London), Lisa O’Neill (Corporate/M&A) and Russell Jacobs (Tax, both London).

The team was supported by special counsels Michael Pujol (Munich) and Andrea Eggenstein (Frankfurt, both Corporate/M&A) as well as Alison Beal (Technology, London) and the associates Fritz Schuchmann, Pascal Haerdtner, Alexandra Schaefer, Maximilian Pechtl, Markus von Lutterotti, Mahmood Kawany (all Munich), Gemma Cullen, Sarah Ullathorne (all Corporate/M&A, London), Bradley Pearson, Matt Slider, Joel Brand, Coral O’Connor, Glenn Kim, Victoria Mansoor (all Transportation and Space), Alex Wang (Corporate/M&A, all New York), Katherine Soanes, Natasha Neale (both Technology, London), Odilo Wallner, Gerrit Merkel, Sebastian Trompler (all Finance, Frankfurt), Nils Bremer (Antitrust, Munich), Martin Brennan (Alternative Investment) and Cosmos Fung (Tax, both London).

The Elvinger Hoss Prussen team was led by partner Karl Pardaens.

Involved fees earner: Karl Pardaens – Elvinger Hoss Prussen; Alison Beal – Milbank; Joel Brand – Milbank; Nils Bremer – Milbank; Martin Brennan – Milbank; Gemma Cullen – Milbank; Andrea Eggenstein – Milbank; Drew Fine – Milbank; Cosmos Fung – Milbank; Pascal Haerdtner – Milbank; Joel Harrison – Milbank; Sebastian Heim – Milbank; Thomas Ingenhoven – Milbank; Russell Jacobs – Milbank; Mahmood Kawany – Milbank; Thomas Kleinheisterkamp – Milbank; Victoria Mansoor – Milbank; Freyda Mechlowicz – Milbank; Gerrit Merkel – Milbank; Natasha Neale – Milbank; Coral O’Connor – Milbank; Lisa O’Neill – Milbank; Bradley Pearson – Milbank; Maximilian Pechtl – Milbank; Michael Pujol – Milbank; Alexander Rinne – Milbank; Alexandra Schäfer – Milbank; Fritz Schuchmann – Milbank; Matt Slider – Milbank; Katherine Soanes – Milbank; Sebastian Trompler – Milbank; Sarah Ullathorne – Milbank; Markus von Lutterotti – Milbank; Odilo Wallner – Milbank; Alex Wang – Milbank;

Law Firms: Elvinger Hoss Prussen; Milbank;

Clients: EnTrust Global; Strategic Value Partners – SVP;

Author: Federica Tiefenthaler