Vedder Price Represents Virgo Investment Group in Launch of Zephyrus Aviation Capital
Vedder Price is pleased to announce that it represented Virgo Investment Group (“Virgo”) in the launch of Zephyrus Aviation Capital (“Zephyrus”), a new aircraft leasing and trading platform, which represents an expansion of Virgo’s aviation business started in 2010. As part of this representation, Vedder Price advised Virgo and Zephyrus on a launch transaction for the purchase of a 21-aircraft portfolio and the closing of a $336 million asset-backed structured loan transaction to finance the acquisition of the aircraft portfolio.
In addition, Vedder Price advised on in-bound investments of Zephyrus and arrangements with multiple third-party service providers.
“We have a long-standing relationship with Virgo and were pleased to assist in the evolution of their aviation investment strategy with the launch of Zephyrus Aviation Capital. The transaction highlighted our team’s industry-leading expertise in the portfolio acquisition and aircraft ABS space as well as our structuring capabilities in platform setup,” said Global Transportation Finance Shareholder Adam R. Beringer.
In addition to Mr. Beringer, the Vedder Price team included Global Transportation Finance Shareholders Michael E. Draz and Jordan R. Labkon, Tax Shareholder Andrew Falevich, and Global Transportation Finance Associates Joel R. Thielen, Brian D. Wendt, Pedro F. Eraso and Gabriela D. Demos.
Vedder Thinking | News Vedder Price Represents Virgo Investment Group in Launch of Zephyrus Aviation Capital
Press Release
October 15, 2018
Vedder Price is pleased to announce that it represented Virgo Investment Group (“Virgo”) in the launch of Zephyrus Aviation Capital (“Zephyrus”), a new aircraft leasing and trading platform, which represents an expansion of Virgo’s aviation business started in 2010. As part of this representation, Vedder Price advised Virgo and Zephyrus on a launch transaction for the purchase of a 21-aircraft portfolio and the closing of a $336 million asset-backed structured loan transaction to finance the acquisition of the aircraft portfolio.
In addition, Vedder Price advised on in-bound investments of Zephyrus and arrangements with multiple third-party service providers.
“We have a long-standing relationship with Virgo and were pleased to assist in the evolution of their aviation investment strategy with the launch of Zephyrus Aviation Capital. The transaction highlighted our team’s industry-leading expertise in the portfolio acquisition and aircraft ABS space as well as our structuring capabilities in platform setup,” said Global Transportation Finance Shareholder Adam R. Beringer.
In addition to Mr. Beringer, the Vedder Price team included Global Transportation Finance Shareholders Michael E. Draz and Jordan R. Labkon, Tax Shareholder Andrew Falevich, and Global Transportation Finance Associates Joel R. Thielen, Brian D. Wendt, Pedro F. Eraso and Gabriela D. Demos.
