Mitsubishi UFJ Lease Said Near Deal for Oaktree Business
Bloomberg reported that Mitsubishi UFJ Lease & Finance is nearing a deal to buy Oaktree Capital’s Jackson Square Aviation aircraft-leasing company for more than $1 billion, citing three people with knowledge of the matter.
The article said Jackson Square, named after the San Francisco district where it is based, began operating in 2010 after Oaktree committed $500 million in equity to Richard Wiley, Toby Bright and Scott Weiss. They would stay with the company after a sale to Mitsubishi UFJ Lease, Bloomberg cited two of the people as saying.
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