An AW139 operated by Omni Helicopters International – one of the aircraft types in the portfolio
LCI, a leading aviation company and a subsidiary of the Libra Group, has today announced the acquisition of a portfolio of nineteen (19) helicopters from Lobo Leasing, alongside RIVE Private Investment and Turning Rock Partners.
The portfolio is valued at over US$115 million and comprises of helicopters from leading manufacturers including Airbus Helicopters, Bell, Leonardo and Sikorsky.
The acquisition will see LCI continue to diversify its fleet, increase its customer base and expand its geographical reach. Eight of the aircraft are currently placed on lease in South America, with the remainder in Europe and Africa, and will bring the total number of countries served by LCI’s assets to 28.
Jaspal Jandu, CEO of LCI, says: “This portfolio acquisition is another major step in LCI’s strategic plan and reflects our confidence in the helicopter market. Our team and partners have performed strongly, and the assets will be seamlessly incorporated onto our leasing platform, driving further efficiencies of scale.”
George Logothetis, Chairman and CEO of LCI’s parent company, the Libra Group, says: “The continued expansion of LCI’s fleet represents another strategic and forward-looking investment by the company. LCI continually works to demonstrate foresight and agility in meeting customer needs, with a nimble and future-focused approach that reflects the ethos of all across our Group.”
Camille Brunel, Partner at RIVE Private Investment, says: “We are pleased to further develop our relationship with LCI. This transaction leverages LCI's strong global technical expertise and track record to cautiously expand RIVE Private Investment’s geographical and sectorial footprint.”
David Markus, Partner at Turning Rock Partners, says: “We are excited to work with strong partners like LCI and RIVE in underwriting and structuring this investment. We look forward to a long and successful relationship with them.”
LCI has consistently grown in scale and value as it has diversified over time. The lessor’s highly experienced management team has built strong relationships with aircraft and engine manufacturers, customers, and leading financial institutions.
Since its inception in 2004, LCI has undertaken in excess of US$8 billion of transactions in the aviation markets.
LCI is a privately owned aircraft lessor founded in 2004. Since its inception, LCI has undertaken in excess of US$8 billion of transactions in the fixed-wing, helicopter and advanced air mobility markets, and provides leasing services to airlines, freight carriers and helicopter operators. LCI is the aviation subsidiary the Libra Group (www.libra.com), a private international business group whose subsidiaries own and operate assets in more than 50 countries. The Group is active predominantly in aviation, energy, hospitality, real estate, shipping, and diversified investments.
About RIVE Private Investment
Created in 2013, RIVE Private Investment is an independent private equity firm specializing in sustainable infrastructure and tangible assets (medical aviation, railways, industrial equipment, etc.). RIVE Private Investment benefits from the solid technical and financial expertise of its team of investment professionals based in 4 European countries: Paris, Geneva, Luxembourg, and Hamburg. Since its creation, RIVE Private Investment has financed more than €2 billion of assets through more than 100 transactions, out of which €900 million in the tangible assets sector.
Website: www.rive-investment.com or call our offices at: +33 (0)1 82 83 63 00.
For more information, please contact: Camille BRUNEL – Partner – [email protected]
About Turning Rock Partners
Turning Rock Partners pursues debt, equity and hybrid investments in lower-middle market businesses in North America. TRP structures bespoke financing solutions for companies across the private market landscape. For more information, please visit Turning Rock Partners’ Website: www.turningrockpartners.com or call our offices at: 212-207-2390.
For Turning Rock investor relations, please contact: [email protected].
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