FPG, FPG AIM and Amentum expand their successful partnership
Dublin / Tokyo / Rotterdam – 15 May 2015 – Aircraft asset manager Amentum Capital Ltd. (‘Amentum’), Tokyo Stock Exchange listed Financial Products Group Co., Ltd. (‘FPG’ – 7148:JP) and JOLCO structuring specialist FPG Asset & Investment Management BV (‘FPG AIM’) announce today that they are further expanding their successful cooperation to provide quality aircraft investment solutions to investors. As part of this next phase of their strategic partnership, FPG has increased its share in Amentum from 25% to 75% and FPG AIM has acquired 5% of the share capital of Amentum.
Amentum, FPG and FPG AIM started their cooperation in November 2013, when FPG acquired its initial 25% minority shareholding in Amentum. FPG and FPG AIM are leading JOLCO arrangers, covering aircraft, shipping and marine container industries as part of their product offering. With Amentum the group has access to an aircraft asset & operating lease manager, with a strong track record in sourcing, managing, transitioning and divesting commercial aircraft for investors. Since 2014 Amentum has closed several aircraft JOL transactions with FPG and FPG AIM. The JOL arranging activities will be up-scaled significantly with the expanded partnership announced today.
Commenting, Hisanaga Tanimura, President and CEO of FPG said: “JOL structuring and equity placement are key growth areas for FPG. The past year has proven that Amentum is an ideal partner for FPG as we expand this business line and we are very pleased to be able to further solidify this partnership. With Amentum as a majority owned subsidiary, FPG can give its Japanese investors the comfort that we are ready to securely manage their JOL investments through their entire life cycle.”
Marcus Jung, Partner of FPG AIM said: “We are delighted to become a shareholder in Amentum, given the close working relationship and complementary product offering of the two companies. FPG AIM arranged the initial FPG investment in 2013 and the transaction announced today is the natural next step for the expanding FPG group.”
Jan Melgaard, Executive Chairman of Amentum adds: “We are delighted to close this transaction with FPG and FPG AIM today. From the aspect of our airline customers it means that not only will we be able to offer very competitive JOL financings, we can also cover the entire product range offered through our partners FPG and FPG AIM. Amentum will continue to provide advisory services to lenders and non-Japanese equity investors adding to the overall product offerings of the FPG Group. FPG encourages us to further grow and develop our third party business.”
Amentum was advised by McCann FitzGerald and EY. A & L Goodbody and KPMG acted for FPG and FPG AIM.
Press Contact Amentum:
Amentum Capital Ltd.
+353 1639 8111
Press Contact FPG:
Executive Officer and General Manager of Accounting Department
Financial Products Group Co., Ltd.
+81 3 5288 5691
Press Contact FPG AIM:
FPG Asset & Investment Management BV
+31 10 340 0787
Note to Editors:
Tokyo headquartered FPG was founded in 2001 and is currently listed on the First Section of the Tokyo Stock Exchange. FPG is an independent financial service provider and offers various financial products to profitable companies and wealthy individuals. With tax lease arrangement as its core business, FPG provides integrated services covering the origination, structuring, equity placement, and management of Japanese operating leases (JOL) for aircraft, vessels, and marine containers. FPG is a leading independent JOL equity arranger in the market.
More information can be found on the company’s website at www.fpg.jp/en
About FPG AIM:
Partly owned by FPG, with offices in the Netherlands and Singapore FPG AIM provides global sourcing, structuring, arranging and M&A advisory services to investors, banks and companies active in the aircraft, shipping and marine container industries.
Headquartered in Dublin, Amentum is a dedicated third-party provider of aircraft investment management and advisory services to equity and debt investors in the aviation sector and offers a full range of aircraft leasing services to airlines worldwide through its full-service leasing platform. Amentum was founded in 2005. Today it is 75% owned by Financial Products Group Co., Ltd., 5% owned by FPG Asset & Investment Management BV and 20% owned by senior management. Amentum currently manages a US$ 2 billion portfolio of aircraft and provides services to several investor and banking customers.
More information can be found on the company’s website at www.fpg-amentum.aero/