PE Tech Report


Like this article?

Sign up to our free newsletter

Pine Brook completes sale of majority interest in Amdeo

Pine Brook has completed the sale of its majority ownership interest in Amedeo, an asset manager and principal investor focused on widebody aircraft leasing, to the Company and its management team. Financial terms of the private transaction were not disclosed.

“Amedeo has been a great investment for Pine Brook, and is an excellent example of our unique ‘business building’ model, in which we partner with experienced management teams to create new businesses and support execution of their growth plan,” says Oliver Goldstein, Managing Director on Pine Brook’s financial services team. “The old model would have been to create a traditional aircraft lessor, but we and management saw the opportunity to create a more profitable business model. Mark Lapidus and his team have been terrific partners and have done a tremendous job executing on their plan, building Amedeo into an attractive company with strong capabilities as an asset manager and principal investor.”
During the period of Pine Brook’s investment, Amedeo saw significant growth in the business, with assets under management growing from USD1 billion to USD5 billion. The Company established Amedeo Air Four Plus (AA4), a London Stock Exchange listed company (LSE:AA4) with a market capitalisation of approximately GBP675 million. Amedeo arranges acquisition and disposal of aircraft for AA4 and provides asset management services.
“We have enjoyed a highly successful partnership with Pine Brook over nearly four years,” says Mark Lapidus, CEO of Amedeo. “From day one, Pine Brook has supported our vision and strategy for building the business. Today, Amedeo is well positioned for continued growth, and we look forward to partnering with Pine Brook on future investments in this industry.”

Like this article? Sign up to our free newsletter