McCann FitzGerald LLP
McCann FitzGerald LLP advises SMBC Aviation Capital in connection with its agreement to acquire Air Lease Corporation
We are advising long-standing McCann FitzGerald LLP client, SMBC Aviation Capital, on its agreement with Sumitomo Corporation, Apollo and Brookfield to acquire Air Lease Corporation.
Sumitomo Corporation, SMBC Aviation Capital, Apollo managed funds, and Brookfield have announced that they have executed a definitive agreement to acquire Air Lease Corporation (“Air Lease”) through a newly formed entity, Sumisho Air Lease Corporation (Ireland) DAC. Under the terms of the agreement, Air Lease common stockholders will receive $65.00 per share in cash, representing a total valuation of approximately $7.4 billion, or approximately $28.2 billion including debt obligations to be assumed or refinanced net of cash. Upon closing, Air Lease will be renamed Sumisho Air Lease.
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