Ireland-based Amedeo Capital has entered a new deal with the owners of Intrepid Aviation Holdings Group (Intrepid), Centerbridge Partners and Reservoir Capital Group to sell a minority stake in the company for an undisclosed sum.
Under the deal, Amedeo will also buy Intrepid’s US-based management subsidiary and will make a minority investment in Intrepid.
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The arrangement is expected to support a broader strategic partnership, which will see Amedeo offer management and aircraft support services to Intrepid under a multi-year contract.
Intrepid is set to benefit from Amedeo’s relationships with original equipment manufacturers and major airline customers across the globe.
The deal will help Centerbridge and Reservoir to fulfil their ongoing investment strategy in the aviation industry.
Following the deal, Intrepid will be rebranded and continue to conduct its operations in Ireland.
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By GlobalDataIntrepid Aviation CEO Doug Winter will become vice-chairman and Intrepid Aviation chief financial officer Mike Lungariello will become chief financial officer of Amedeo.
Amedeo CEO Mark Lapidus said: “Amedeo remains focused on delivering unique and flexible solutions while building long-term partnerships with airlines and investors.
“Both companies will benefit from increased scale, synergies and talent that exist between the two platforms, and enhanced expertise in developing access to permanent capital investment channels.”
Amedeo is primarily involved in the management of widebody aircraft assets and is estimated to have more than $8bn in aviation assets.
