Warburg Pincus launches Aquila Air Capital
NEW YORK, April 19, 2021 / PRNewswire / – Warburg Pincus, a leading global private equity firm focused on growth investments, today announced the creation of Aquila Air Capital, a specialty finance platform focused on commercial aerospace, in partnership with a veteran of the aerospace industry Al wood and the investment firm Kepler Hill Capital.
Aquila Air Capital will have a broad mandate to purchase, finance and lease aircraft, engines and other aeronautical equipment. The company’s vision is to become a trusted partner for all players in the value chain, from asset buyers and sellers to operators who need creative and timely solutions for their critical business needs.
Al wood joins Warburg Pincus as an Executive in Residence to identify and assess investment opportunities related to the broader aerospace and defense industry and to help build Aquila Air Capital. Al wood most recently served as CFO of Boeing Commercial Services, a $ 9 billion business unit where he focused on increasing return on invested capital, streamlining the product and service portfolio and reducing working capital requirements. Previously, he was responsible for mergers and acquisitions at Boeing Global Services and was the commercial director of AeroTurbine Inc, which is part of AerCap Inc., the largest lessor of commercial aircraft.
“There is a significant market opportunity to create a leading specialty finance franchise in commercial aerospace. By combining our expertise in special situations and specialist finance with our long history in aerospace, Aquila Air Capital is well positioned to build a scale and diverse platform, “mentioned Eric Friedman, Managing Director, Warburg Pincus. “We have a long history with Al and Kepler Hill Capital, both of whom have strong backgrounds in creating value in the industry. As a long-term investor in aerospace companies, we are excited about our partnership to create a new market leader. in the financing of aerospace specialties, ”added Dan Zamlong, Managing Director of Warburg Pincus.
“Aquila Air Capital seeks to capitalize on the current dislocation of the aerospace industry by leveraging the global expertise and resources of Warburg Pincus,” said Keith whittaker, Managing Partner of Kepler Hill Capital and Senior Advisor to Warburg Pincus. “The company uniquely combines the expertise customers value, including the acquisition of aircraft and engines, with dedicated technical, sales and rental support.”
“We are in a unique environment where the aerospace industry is experiencing protracted recovery prospects and high levels of cash consumption, leaving the industry’s liquidity and capital constrained. These market prospects provide an excellent opportunity to build a leading specialty finance franchise. With the support of Warburg Pincus, a leading investor in the aerospace and defense industry as well as the specialist finance sector, we believe that Aquila Air Capital will become an important partner for passenger and freight operators and the MRO community supporting their aircraft, ”said Al wood.
Warburg Pincus is one of the most active and successful private equity investors in the aerospace and defense industries. The company has invested more $ 3 billion in multiple aerospace and defense platforms spanning multiple areas of the value chain, including Accelya, Camp Systems, CPP, Extant Aerospace, Inmarsat, Quest Global Services, TransDigm and Wencor Group. As a leader in the financial services industry, the company has invested more than $ 11 billion across the spectrum of financial services, including a significant focus on specialty finance over the past decade. Notable specialist financial investments include Ascentium Capital, AU Financiers, Cango, LendingPoint, Mariner Finance, Max, Mosaic, Santander Consumer United Statesand Triton.
About Aquila Air Capital
Aquila Air Capital is a specialized financing platform focused on asset financing in partnership with industry players as well as on the purchase and lease of airplanes, engines and other aeronautical equipment. Led by a management team with over 25 years of experience in the aerospace industry, Aquila Air Capital is a trusted partner for all players in the value chain, from buyers and sellers of assets to operators in need of creative and timely solutions for their critical needs. business needs. Aquila Air Capital is backed by Warburg Pincus, a leading global private equity firm specializing in growth investing and Kepler Hill Capital, a special situations private equity firm whose executives have invested and built three previous aviation platforms. For more information, please visit www.aquilaaircapital.com.
About Warburg Pincus
Warburg Pincus LLC is a leading global private equity firm focused on growth-oriented investment. The company has more than $ 60 billion in private equity assets under management. The company’s active portfolio of more than 200 companies is highly diversified by stage, industry and geography. Warburg Pincus is an experienced partner of leadership teams looking to build sustainable businesses with enduring value. Founded in 1966, Warburg Pincus has raised 19 private equity funds, which have invested more than $ 90 billion in more than 930 companies in more than 40 countries. The company is headquartered at new York with offices in Amsterdam, Beijing, Berlin, Hong Kong, Houston, London, Luxembourg, Bombay, Mauritius, San Francisco, São Paulo, Shanghai, and Singapore. For more information, please visit www.warburgpincus.com.
About Kepler Hill Capital
Kepler Hill Capital is a private equity investment firm focused on specific situations, including asset platforms, turnarounds and structured equity investments. Kepler Hill and its executives invested in and built three earlier aviation platforms.
Sarah McGrath Bloom
Associate Director, Communications, Warburg Pincus
SOURCE Warburg Pincus