AerFin Limited, a specialist provider of end of life aircraft and engine asset management services, based in Caerphilly 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. Mr. Bob James, the founder of AerFin will remain as the Managing Director and CEO going forward and will retain 20% of the company.
“The benefits that CarVal bring to the business in terms of access to significant capital and market reach will strategically position the AerFin business for continued growth with a shareholder whose interests are very much aligned with our own” said Bob James.
“The acquisition of AerFin is a compelling investment in itself and in addition enables CarVal to invest effectively in a dynamic and growing market in a more strategic way,” said Justin Bradburn, managing director for CarVal Investors. “Bob James and the AerFin team will bring tremendous value to our ability to invest in end of life aircraft and engines.”