CPPIB, Terra Firma to sell AWAS portfolio to Macquarie for $4 bln
British private equity firm Terra Firma Capital Partners and Canada Pension Plan Investment Board (CPPIB) have agreed to sell a portfolio of 90 aircraft of AWAS Aviation Capital Ltd to Macquarie Group. The deal is valued at US$4 billion and is expected to be finalized within 12 months. Terra Firma and CPPIB invested in AWAS, a Dublin, Ireland-based aircraft leasing company, in 2006. Terra Firma owns a 75 percent stake in AWAS, while CPPIB owns a 25 percent stake. Following the sale to Macquarie, the company will continue to own a diversified portfolio of more than 200 modern aircraft and has plans to continue growing its fleet.
3 March 2015•5 mins read
