Arcano Partners Completes Acquisition of Two Airbus Assets
Deal News | Dec 16, 2024 | Iberian Lawyer
Arcano Partners, a prominent independent investment banking and alternative asset management firm in Spain, has completed the acquisition of two Airbus aircraft assets under lease with Wizz Air. This marks the second transaction by Arcano Aviation Fund, FCR, and Arcano Capital Aviation SCR vehicles. Arena Aviation Capital will oversee the assets as the lease manager, with Airbus Bank providing the necessary financing. Over 2,700 units of these sought-after Airbus assets have been delivered to date, highlighting their market prominence. The transaction complements Arcano’s previous acquisition of a Boeing 777-300ER with Air Canada. The firm's strategy, as articulated by managing partner Jon Garaiyurrebaso and Director Javier Hidalgo, focuses on building a diversified portfolio to yield stable cash flows for investors.
Sectors
- Investment Banking
- Aviation
- Alternative Asset Management
Geography
- Spain – Arcano Partners is a leading firm based in Spain, conducting this significant transaction.
- Ireland – Arena Aviation Capital, the lease manager for the acquired assets, is based in Ireland.
- Central and Eastern Europe – The aircraft are leased to Wizz Air, a major European airline operating in this region.
Industry
- Investment Banking – Arcano Partners is involved in investment banking activities, particularly through its investment and asset management vehicles.
- Aviation – The acquisition involves Airbus assets leased to Wizz Air, highlighting the aviation sector's role in this transaction.
- Alternative Asset Management – Arcano Partners manages alternative assets through its aviation investment vehicles, emphasizing its role in asset management.
Financials
- Not disclosed – The financial details of the transaction were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Arcano Partners | Buyer | Company | A leading independent investment banking and alternative asset management firm in Spain. |
| KPMG Abogados | Legal Advisor | Company | Advised Arcano Partners in this transaction. |
| Wizz Air | Lessee | Company | A leading European airline operating in short haul traffic. |
| Arena Aviation Capital | Lease Manager | Company | Responsible for managing the leasing of the acquired Airbus assets. |
| Airbus Bank | Financier | Company | Provided financing for the transaction. |
| Jon Garaiyurrebaso | Managing Partner | Person | Managing partner of Arcano Asset & Capital Finance, part of Arcano Partners. |
| Javier Hidalgo | Director | Person | Director at Arcano Partners, involved in their investment strategy. |