ORIX Corp to buy 30 pct of Avolon for $2.2 Bln

ORIX Corp said Aug. 8 that it agreed to buy a 30 percent stake in Avolon for $2.2 billion. Bohai Capital, whose investors include HNA Group, is the seller. Avolon, of Dublin, Ireland, provides aircraft leasing and lease management services. Morgan Stanley & Co LLC provided financial advice to Avolon while Douglas Warner, James Harvey, Oliver Walker and Andrew Yoon of Weil, Gotshal & Manges LLP were legal advisers to Avolon.

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