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Exclusive: Nomura to buy Babcock & Brown
30 June 2009
Japanese bank Nomura to buy Babcock & Brown Aircraft Management (BBAM) and its stake in Babcock & Brown Air (B&B AIR). A formal announcement expected soon.
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[Babcock & Brown]
[B&B]
[Babcock & Brown Air]
[B&B Air]
[Nomura]
[Goldman Sachs]
[Deutsche Bank]
Japanese bank Nomura is buying Babcock & Brown Aircraft Management (BBAM), the aircraft leasing division of Babcock & Brown, the Australian financial adviser and investment firm which went into administration in March.
Deutsche Bank is advising Babcock & Brown on the sale of its aviation assets.
Nomura is the most obvious buyer of BBAM because of its long-standing Japanese operating lease joint venture Nomura Babcock & Brown.
The deal has not been announced but BBAM looks certain to be the first aircraft leasing company to be sold in 2009 and close before ILFC, Allco Aviation or RBS Aviation Capital.
Nomura Babcock & Brown, which was launched in 1986, is one of the leading arrangers of Japanese operating leases and was a top Japanese leverage lease arranger throughout the 1980s.
“Given such historical involvement between the two companies, Nomura is a natural partner for BBAM,” says one banker close to...
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