Centerbridge Partners, L.P. and Reservoir Capital Group, L.L.C. have agreed to acquire a minority stake in Amedeo Capital Limited (Amedeo) as part of their continued investment strategy in the aviation industry.
Amedeo will acquire the U.S. management subsidiary of Intrepid Aviation Holdings Group (Intrepid) and will make a minority investment in Intrepid as part of a broader strategic partnership where Amedeo will provide management and aircraft support services to Intrepid.
Intrepid, to be rebranded in due course, will continue to operate in Ireland along with its professional team and has entered into a multi-year aircraft management and services agreement with Amedeo.
Amedeo is one of the largest widebody aircraft asset managers, with aviation assets under management that now exceed US$8 billion, including two publicly listed vehicles on the London Stock Exchange.
Intrepid will benefit from Amedeo’s long-standing relationships with OEMs and top tier global airline customers, as well as its scalable platform to support future growth and expansion.
Doug Winter will become Vice Chairman of Amedeo and Mike Lungariello will become Chief Financial Officer.
