Davis Polk is advising Mitsubishi UFJ Lease & Finance Company Limited (MUL) in connection with its approximately ¥100 billion ($1.3 billion) acquisition of all of the equity of JSA International Holdings, L.P. (d/b/a Jackson Square Aviation) from a group of funds affiliated with Oaktree Capital Management, L.P. and certain management sellers. Jackson Square Aviation (JSA) is one of the world’s leading commercial aircraft lessors, with a fleet of 76 next-generation aircraft valued in excess of $4 billion. The transaction is expected to close by the end of 2012, pending regulatory approvals.
MUL is a prominent global leasing company headquartered in Tokyo that focuses on leasing, installment sales, various types of financing and international business. MUL is publicly traded on the Tokyo Stock Exchange and its principal shareholders are Mitsubishi Corporation, Mitsubishi UFJ Financial Group Inc., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Meiji Yasuda Life Insurance Company, and Mitsubishi UFJ Trust and Banking Corporation.
JSA is a full-service aircraft leasing company based in San Francisco with offices in Seattle, London, Miami, Toulouse, Singapore and Beijing.
The Davis Polk corporate team includes partner Phillip R. Mills and associates Brian L. Friedman and Laura C. Turano. Partner Juliet Cain is providing advice regarding aircraft leasing and financing. Partner Kyoko Takahashi Lin and associate Andrew Blau are providing executive retention advice. Partner Kathleen L. Ferrell and counsel Leslie J. Altus are providing tax advice. Counsel Stephen M. Pepper is providing HSR advice. Partner John B. Reynolds III is providing CFIUS advice. Members of the Davis Polk team are based in the New York and Washington DC offices.
