London based-aircraft and engine financier volofin Capital Management closed a portfolio financing transaction. Acting as the sole lender and lead arranger, volofin facilitated the financing for RIVE Private Investment, a European investment firm specializing in transportation assets and energy transition infrastructures, secured against a portfolio of 107 aircraft engines and APUs currently on short-term leases to a diversified group of lessees.
In total, volofin financing 107 assets for RIVE. The assets are managed by LXA Leasing, a specialist in engine and Auxiliary Power Unit (APU) leasing.
The loan is secured by assets leased to maintenance, repair and overhaul (MRO) providers, original equipment manufacturers (OEMs) and global airlines.
“We are very pleased to close this innovative and complex transaction together with RIVE and LXA Leasing,” Jan Bockelmann, managing director of volofin, said. “The successful track record of LXA, as well as RIVE’s position as anchor investor, is very impressive. Their deep market knowledge is invaluable, and we look forward to further strengthening this partnership in the near future.”
“This successful transaction demonstrates the attractiveness of specialized transportation assets for investors and lenders,” Bachir Lahsini, investment director at RIVE, said. “It is a non-conventional, but deep aviation asset class, critical for aircraft maintenance cycles and this structured financing paves the way for new acquisitions to expand our asset portfolio. We are very happy to further develop our collaboration with volofin and to fuel LXA Leasing’s future growth.”
“LXA Leasing success is based on our team’s readiness to support the spare engine and APU needs for our OEM, MRO and global airline customers,” Jean-Christophe Normand, founding partner and chief financial officer of LXA Leasing, said. “This refinancing of 107 assets of our portfolio will enable an increased level of support to our customers and to sustain the fleet growth they require for their operations.”
Seabury Securities acted as exclusive financial advisors and placement agent for RIVE Private Investment and LXA Leasing.
