Griffin Global Asset Management and Bain Capital Acquire Pool of Rolls-Royce Engines

Griffin Global Asset Management and Bain Capital Special Situations agreed to acquire 17 new technology Rolls-Royce engines, including Trent XWB-84s, Trent XWB-97s, Trent 1000s and Trent 7000s. The engines will be owned by a newly formed standalone entity and used as spares by the Rolls-Royce global customer base.

“We are excited to have completed this transaction with the Rolls-Royce team and look forward to supporting their customers over the coming years,” Ryan McKenna, CEO of Griffin Global Asset Management, said.

“This transaction is emblematic of our ability to provide scale and flexible solutions to support leading companies across the aviation sector,” Matt Evans, a partner at Bain Capital Special Situations, said.

Bank of America led the acquisition financing of the engines, with key commitments to the facility from Mizuho Bank, Citibank and Goldman Sachs Bank USA.

Hughes Hubbard & Reed and Akin Gump Strauss Hauer & Feld acted as legal advisors to Griffin Global Asset Management and Bain Capital Special Situations, while Milbank acted as legal advisors to the lenders.

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