Amentum completes MBO

Amentum, the Dublin based commercial aircraft asset management company, announced the successful completion of a management buyout from its former parent HSH Nordbank. The buyout was led by Jan Melgaard (Executive Chairman), Dr. Martin Bouzaima (CEO) and Mitchel Simpson (CFO), joined by Simon Clements (Head of Sales), Rory Hensey (Head of Technical) and Jean O’Driscoll (Head of Legal). The deal completes the full evolution of Amentum, originally conceived seven years ago as the aviation asset and remarketing arm of HSH Nordbank to manage its aircraft leases. It has since progressed from captive lessor to dedicated third party asset manager with a diversified customer base of financial institutions. Its portfolios under management currently comprise 48 aircraft valued at US$ 2.3bn. With an excellent track record and a strong management, its intention is to further increase the managed fleet in 2013.