CarVal Investors Acquires a Majority Holding of Aergo Capital

CarVal Investors, a leading global alternative investment manager, has acquired a majority holding of Aergo Capital from its current owners, Denis O’Brien and Fred Browne. Browne will remain with the company going forward and will reinvest in 10 percent of the equity.

"The acquisition of Aergo offers a compelling and strategic solution to maximize and monetize value in existing and future aircraft investments from acquisition to disposition," said Justin Bradburn, managing director for CarVal Investors. "Aergo allows us to strategically approach what we believe is going to be a dynamic market."

"This partnership marks the beginning of the next chapter in Aergo’s success. We are very excited about the opportunity it brings to grow and expand the business model into newer, more modern aircraft," said Fred Browne, managing director and chief executive officer for Aergo Capital. "We look forward to working with CarVal Investors to build a strategic partnership that will build on the firm’s strength and track record and Aergo’s proven expertise in managing mid-life aircraft."

"Aergo has been a very profitable business and I believe this transaction will see Fred Browne and the management team take it to further success in the aviation industry. I wish Aergo continued success in the future," said Denis O'Brien.

Aergo was formed in 1999 by Fred Browne and Denis O’Brien. Profitable since inception, Aergo has over 15 years traded in excess of 150 aircraft with a gross value of over $1 billion. Throughout its existence, Aergo has specialized in mid-life aircraft and is a market leader in this segment of the market. For more information, visit www.aergogroup.com.

CarVal Investors is a leading global alternative investment fund manager focused on distressed and credit-intensive assets and market inefficiencies. Since 1987, its experienced team has navigated through ever-changing credit market cycles, opportunistically investing more than $76 billion in 5,040 transactions across 70 countries. Today, CarVal Investors has approximately $10 billion in assets under management in both credit and real estate strategies. 

For more information, visit www.carvalinvestors.com.