CarVal Investors, a leading global alternative investment manager, signed an agreement to acquire a majority holding of AerFin Limited from its current owner, Bob James. Mr. James will remain as the Managing Director and CEO going forward and will retain 20 percent of the company. “The acquisition of AerFin is a compelling investment in itself and in addition enables CarVal to invest effectively in a dynamic and growing market in a more strategic way,” said Justin Bradburn, managing director for CarVal Investors. “Bob James and the AerFin team will bring tremendous value to our ability to invest in end-of-life aircraft and engines.” AerFin was formed in 2010 by Bob James who has over 34 years in the aviation industry with asset trading and technical management. AerFin specializes in providing end-of-life solutions for investors, MROs and airlines exposed to technically challenging assets. EBITDA to Sept 2014 was in excess of US$4m.