Bohai Leasing completes acquisition of Avolon

Bohai Leasing completed the acquisition of 100% of Avolon. Bravia Capital Partners originated and structured the transaction with a total enterprise value of approximately US$7bn, bringing Bohai’s investment in commercial aircraft and new orders to over 500 aircraft which, based on this fleet, makes Bohai the fourth largest aircraft leasing company in the world. Bravia’s initial step was to be the lead equity participant with HNA Group, Bohai’s parent, in 2010 in acquiring the Allco Aviation fleet of 68 widely leased aircraft in an acquisition with a total enterprise value of approximately US$3 billion and the acquired portfolio was subsequently re-branded Hong Kong Aviation Capital (“HKAC”). HKAC was then acquired by Bohai in 2012. Since then Bohai has worked with Bravia, eventually acquiring Avolon, further enhancing its strategic position. Bohai have been building presence and scale across transportation finance sectors and Bravia has been at the center of its acquisition activity having both originated and co-invested in aircraft leasing and marine container leasing, representing US$15bn total enterprise value of acquisitions over the last 6 years.