EnTrust and SVPGlobal Acquire DVB Bank’s Aviation Investment and Asset Management Business

The Blue Sky Aviation strategy managed by EnTrust Global, an alternative asset management firm, and funds managed by Strategic Value Partners and its affiliates (SVPGlobal), a global investment firm, completed the acquisition of DVB Bank Group’s aviation investment and asset management business, resulting in the formation of Deucalion Aviation, a global platform with aviation expertise and the ability to invest across the capital spectrum to provide solutions to airlines and aviation investors.

Led by Jon Skirrow and Stephan Sayre, with the support of EnTrust Global and SVPGlobal, Deucalion is a servicer for more than 170 aircraft on lease to 86 airlines, with clients including banks, investors, financiers and lessors.

“This new investment creates a platform with collaboration at its heart to enable us to continue and expand our world-leading services to airlines and investors,” Skirrow, who will serve as co-CEO and COO of Deucalion Aviation, said.

“EnTrust and SVPGlobal share our vision to provide transformational financing and investment solutions. Together, we will be able to significantly strengthen our offering of innovative financing solutions to airline and leasing clients globally in the current environment,” Sayre, who will serve as co-CEO and CIO of Deucalion Aviation, said.

“Deucalion is a top-tier aviation platform with an experienced management team, a global footprint and an impressive track record that spans almost two decades of managing complex aviation projects,” Victor Khosla, founder and CIO of SVPGlobal, said. “We look forward to working with the Deucalion team as we continue to capitalize on the current market opportunity.”

“The Deucalion team, led by Jon and Stephan, has extensive institutional knowledge and experience in the aviation industry,” John Morabito, senior managing director and portfolio manager of EnTrust Global’s Blue Sky Aviation strategy, said. “By combining our groups’ strengths, relationships and capabilities, we are positioned to provide differentiated financing solutions to the global aviation industry.”

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