July 15, 2013
DVB Bank advised Marubeni Corporation on the acquisition of 15.25% stake in Aircastle Limited
DVB Bank was the exclusive financial advisor to Marubeni Corporation (Marubeni), in a landmark transaction for the acquisition of 15.25% stake in Aircastle Limited (Aircastle) for US$209m, through issuance of new shares. The transaction was announced on 6 June 2013 and closed on 12 July 2013 after having received regulatory approvals from the US and Germany. DVB Bank advised Marubeni on the evaluation and execution of the transaction with Aircastle. In connection with the transaction, Aircastle and Marubeni also entered into a shareholder agreement where Marubeni has the right to designate two directors for appointment to Aircastle’s board of directors. The shareholder agreement also contains certain provisions relating to Marubeni’s and its affiliates’ ability to transfer and acquire Aircastle’s securities.