October 1, 2018
GA Telesis, LLC (“GA Telesis” or “the Company”) announced today that its current shareholder Tokyo Century Corporation (“Tokyo Century”) along with All Nippon Airways Trading Company (“ANATC”)1, have collectively entered into a definitive agreement to acquire all shares held by Global Principal Finance Company LLC (“GPFC”)2.
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Tokyo Century Corporation and All Nippon Airways Trading Company to Acquire Significant Stake in GA Telesis. (Photo: Business Wire)
Tokyo Century’s ownership after the closing of the transaction will increase to 49.2% and ANATC will acquire a 10% interest in the Company. Tokyo Century and ANATC expect the transaction to close in October 2018.
Separately, GA Telesis, Tokyo Century and ANATC have reached an in-principle agreement to form a commercial engine leasing joint venture focusing on current technology jet engines. The equity will be provided by each party and the joint venture will be managed by GA Telesis.
The additional investment by Tokyo Century will bolster and further diversify Tokyo Century’s existing aviation investment platform, which also includes a 20% holding in Aviation Capital Group, the world’s premier aircraft leasing company, as well as a 16.7% position in Jetstar Japan.
"Our initial investment in GA Telesis from 2012 has performed well and proven our initial investment thesis," said Koichi Nakajima, Deputy President of Tokyo Century Corporation. "We have made a commitment to our customers and the industry to provide the best services in aviation. This further investment in the Company solidifies our strategy and promise.”
Established in 1970, ANATC has evolved from a service provider of aviation serviceable parts to a multinational service and solution provider that centers its business not only around aviation, but also in various fields such as food and beverages, electronics, and daily living essentials. Building on a strong customer base in Asia and other regions, ANATC strives to provide customer-centric and value-added solutions and services to its customers.
"This investment in GA Telesis is the next step in our growth strategy, with a clear opportunity to profitably grow our business and better serve our customers," said Hideto Osada, Senior Executive President of ANATC.
With approximately 600 employees worldwide, GA Telesis is headquartered in Ft. Lauderdale, Florida with financial services, sales, distribution operations and MRO services operations in more than 19 countries. As the leading independent provider of integrated solutions through the combination of financial services, used serviceable material supply-chain, major related MRO operations and other ancillary aftermarket services, GA Telesis continues to lead the industry by expanding the GA Telesis Ecosystem™ to include more product and service offerings to its customers.
“I am thrilled with Tokyo Century’s confidence in GA Telesis and decision to increase its stake in GA Telesis,” said Abdol Moabery, President & CEO of GA Telesis. “We have had a 15-year relationship with ANATC and their investment is not only a testament to the success of that relationship but also the innovative manner in which they view the future of the aviation marketplace. With these two great shareholders, I am confident that we will continue to deliver our year-on-year double-digit growth,” he added.
About Tokyo Century Corporation
Tokyo Century Corporation is a highly specialized and unique financial services company that pioneers new business fields combining finance, services and business expertise, working alongside customers in pursuit of their growth and goals. Through its four core businesses (Equipment Leasing, Specialty Financing, Domestic Automobile Financing, and International Business) Tokyo Century seeks to provide solutions that help increase the corporate value of customers.
About All Nippon Airways Trading Company
ANATC is a global solution and service provider, focusing in five business areas: retail, digital marketing, food, aerospace and electronics, and lifestyle businesses. ANATC headquartered in Tokyo, Japan, has business units in France and Singapore, and 11 group companies, with a multinational workforce of approximately 2,300 people.
About GA Telesis
GA Telesis is a global leader providing integrated solutions to the aviation and aerospace industries. Built on the premise of “Customer Success” being the goal, GA Telesis serves over 3,000 customers including airlines, OEMs, MROs and suppliers worldwide with 31 leasing, sales, distribution and MRO operations in 19 countries. At GA Telesis the company’s core business is integrated aviation solutions and their mission is customer success.
1 ANATC is a wholly owned subsidiary of ANA Holdings
2 Global Principal Finance Company LLC is a wholly owned subsidiary of Bank of America Corporation