in Aerospace

Intertrust acquires Wells Fargo Trust Corporation Ltd

Posted 9 January 2020 · Add Comment

Intertrust has expanded its presence in the fast-growing aviation finance sector with the acquisition of London-based Wells Fargo Trust Corporation Limited.


Image By Holmes / Copyright Shutterstock


By virtue of this acquisition, Intertrust succeeds to Wells Fargo Trust Corporation Limited’s portfolio of trust and agency aviation engagements in place at the time of completion of the acquisition, which occurred on 13th December 2019. As part of the acquisition, Intertrust changed the name of the company to Intertrust Corporation Limited. 

The acquisition will be integrated into Intertrust’s Capital Markets service line, led by Cliff Pearce.
The acquisition complements Intertrust’s existing Capital Markets trustee business by broadening its aviation finance client base, as the company expands its capabilities in preparation for the new Global Aircraft Trading System (GATS).

The deal will also act as a springboard for Intertrust to expand its presence in this sector worldwide.  Intertrust already has a strong presence in the aviation finance sector; its dedicated team of experienced legal, accounting and tax professionals based in Ireland, Hong Kong, Singapore and Cayman services a wide range of holding companies, special purposes vehicles and operating/finance lease platforms which are engaged in all aspects of aviation finance and leasing across commercial aircraft, corporate jets, helicopters and engines.

Cliff Pearce, Global Head of Capital Markets, said: “We are delighted to announce the acquisition of Wells Fargo Trust Corporation Limited and its portfolio of aviation engagements. This transaction significantly strengthens our presence as one of the few global service providers in the aviation finance sector and underlines our wider strategy of pursuing selective and value-enhancing acquisitions to increase scale, complement our existing service offering, and enhance our global footprint and technological capabilities.
 
“We have witnessed significant growth in the aviation sector over the last decade and conditions remain positive going forward; Asia-Pacific and China remain very buoyant markets due to higher levels of economic growth and a rising middle class with a greater appetite for travel.  Macroeconomic conditions are increasingly pushing investors towards less volatile asset classes and aircraft leasing provides fixed incomes over long periods, offering investors predictable and consistent earnings.”

Intertrust’s experience with aviation finance structures include operating and finance leases, pre-delivery financing, export credit agency supported finance, lease-in/lease-out transactions, operating lease platforms with multi-jurisdictional SPVs and securitisations of aviation assets.



    

Other Stories
Advertisement
Latest News

The space domain and UK security

In a recent interview with DSEI Senior Defence Advisor, Air Vice-Marshal (ret’d) Gary Waterfall, Air Vice Marshal Harv Smyth, Head of the UK Space Directorate, highlighted the vital role of the space domain for UK security.

Bright Ascension develops xSPANCION software

Space software technology provider, Bright Ascension Ltd., has announced the start of development work as part of the partnership with AAC Clyde Space to deliver a multi-year xSPANCION project, funded by the European Space Agency

UASAS project consortium launched

Connected Places Catapult has partnered with Belfast cybersecurity start-up ANGOKA Ltd and Cranfield University, in a new initiative - the Unmanned Aircraft Systems Authentication System (UASAS) project - to support and protect the

Virgin Orbit completes NASA LSP launch demo

Virgin Orbit's LauncherOne rocket reached space during the company’s second launch demonstration, successfully deploying 10 payloads for NASA’s Launch Services Program (LSP).

Element makes digital investment into simulation and modelling

Element Materials Technology (Element) has formally launched Element Digital Engineering, taking a significant step forward on its journey to becoming a key provider of engineering simulation, modelling, data science and

ADB Safegate teams up with Assaia for data-driven airside ops

ADB Safegate and Assaia have delivered a number of pilot projects featuring a first-of-its-kind concept at several pioneer airports around the world.

S&P SK1611110321
See us at
Security & Policing 2021 BTIDEX 2021 BT26221