Utilizing an initial tranche of funds, APOC has secured an ongoing finance facility with Investec for multiple lease assets. APOC’s majority shareholder, Egeria, has worked with Investec across several of its portfolio businesses and has provided instrumental support throughout.
“Investec offered us a facility that would start relatively small, but which could grow over time” says Barry Lemmers, CFO – APOC Aviation. “Currently, it represents a limited part of our outstanding financing, but this is expected to increase over the next months and years. Multiple financiers were interested to provide APOC with financing to grow the engine and landing gear leasing portfolio. Investec stood out because of their flexibility in the structuring and timing of the deployment of the financing. Our priority is to find suitable landing gears and engines that meet our stringent criteria and fit within the expanding lease portfolio.
“APOC is able to offer customers flexible short- and long-term leasing solutions, so we need a range of assets to meet these varying needs. The Investec facility will be used selectively as we finance each asset based on condition, credit counterparty and lease terms.”
APOC’s reputation as a young dynamic company with a robust track record of financial performance through recent years and its dynamic growth trajectory attracted Investec. APOC is also backed by a strong majority private equity shareholder, Egeria, that is able and willing to provide sustained growth capital.
