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Weil Advised Avolon Holdings and Bohai Capital in $2.2B Sale of a Stake in Avolon to ORIX Aviation Systems

Weil advised Avolon Holdings Limited, an international aircraft leasing company, and Bohai Capital in Bohai’s agreement to sell a 30% stake in Avolon to ORIX Aviation Systems for $2.2 billion — the transaction implied an Avolon enterprise value of nearly $24 billion. The transaction closed November 05, 2018.

Weil previously advised Oak Hill Advisors, together with other investors, in a $250 million investment in Avolon in 2011. In 2014, Weil advised Avolon (at the time a portfolio company of Cinven Partners, CVC Capital Partners and Oak Hill Capital Partners) in its $273 million initial public offering; in 2015 advised Avolon in its $7.6 billion sale to Bohai Leasing Co., Ltd. (n/k/a Bohai Financial Investment Holding Co., Ltd.); and in 2016 advised Avolon in its $10 billion acquisition of the aircraft leasing business of CIT Group Inc.

The Weil team that advised Avolon was led by Private Equity Co-Head Douglas Warner and included Private Equity associates Philip Wolf, Damian Petrovic, Adam Borenstein and Boyuan (Julian) Zhong; Banking & Finance partner Andrew Yoon; Antitrust/Competition counsel Vadim Brusser; and Banking & Finance associate Dylan Scher. The London team was led by Private Equity partner James Harvey and included Private Equity associate Grace Smith; Tax partner Oliver Walker; and Tax associate Ellie Marques.