Japan-based financial services company Tokyo Century Corp., in partnership with Japanese multinational service and solution provider All Nippon Airways Trading Company (ANATC) have entered an agreement to acquire all outstanding shares of Florida, US-based aviation solutions provider GA Telesis, LLC held by Global Principal Finance company LLC (GPFC), the company said.
Terms of the transaction were not disclosed.
Tokyo Century´s ownership after the closing of the transaction will increase to 49.2% and ANATC will acquire a 10% interest in the company. Tokyo Century and ANATC expect the transaction to close in October 2018.
GA Telesis, Tokyo Century and ANATC have reached an in-principle agreement to form a commercial engine leasing joint venture focusing on current technology jet engines. The equity will be provided by each party and the joint venture will be managed by GA Telesis.
The additional investment by Tokyo Century will bolster and further diversify Tokyo Century´s existing aviation investment platform, which also includes a 20% holding in aircraft leasing company Aviation Capital Group, as well as a 16.7% position in Jetstar Japan.
Tokyo Century Corp. pioneers new business fields combining finance, services and business expertise, working alongside customers in pursuit of their growth and goals. Through its four core businesses (Equipment Leasing, Specialty Financing, Domestic Automobile Financing, and International Business) Tokyo Century seeks to provide solutions that help increase the corporate value of customers.
ANATC is a global solution and service provider, focusing in five business areas: retail, digital marketing, food, aerospace and electronics, and lifestyle businesses. ANATC headquartered in Tokyo, Japan, has business units in France and Singapore, and 11 group companies, with a multinational workforce of approximately 2,300 people.
GA Telesis provides integrated solutions to the aviation and aerospace industries. GA Telesis serves over 3,000 customers including airlines, OEMs, MROs and suppliers worldwide with 31 leasing, sales, distribution and MRO operations in 19 countries.