Carlyle Aviation affiliate buys AMCK Aviation’s aircraft portfolio

On December 23, 2021, Carlyle announced that Maverick Aviation Partnership LP (“Maverick”) signed an agreement to acquire AMCK Aviation’s (“AMCK”) portfolio of aircraft. Through the transaction, Maverick proposed to acquire 125 primarily narrowbody aircraft and an order book of 20 A320/321 neo aircraft. The total appraised value of the existing fleet was in excess of US$4 billion, not including the order book.

CPPIB Credit Investments Inc. (“CPPIB Credit Investments”), a wholly-owned subsidiary of Canada Pension Plan Investment Board (“CPP Investments”) is Maverick’s primary investor. Carlyle Aviation Partners will be the asset servicer for the vehicle.

The transaction closed in the second quarter of 2022.

Further information can be found on Carlyle’s website.

AMCK is a global aircraft leasing company headquartered in Dublin, Ireland with regional offices in Tokyo, Japan and Irvine, California. It is owned by CK Asset Holdings Limited, the majority shareholder of AMCK, and Li Ka Shing (Global) Foundation.

Carlyle is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Global Investment Solutions. It has US$293 billion of assets under management as of September 30, 2021.

CPPIB Credit Investments is responsible for CPP Investments’ public and private credit investments globally. It provides debt-financing solutions across the entire credit structure, including term loans, high-yield bonds, mezzanine lending, structured products and other solutions for borrowers in all sectors.

CK Asset Holdings is a leading multinational corporation and has diverse capabilities with activities encompassing property development and investment, hotel and serviced suite operation, property and project management, aircraft leasing, pub operation and investment in infrastructure and utility asset operation.