Aviation Capital Group Finalizes Acquisition of Boullioun Aviation Services.NEWPORT BEACH Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives. , Calif. -- Aviation Capital Group (ACG ACG American College of Gastroenterology; angiocardiography; apexcardiogram. AcG accelerator globulin (coagulation factor V). AcG accelerator globulin (clotting factor V). ), a subsidiary of Pacific LifeCorp, announced that yesterday it completed the acquisition of Seattle-based Boullioun Aviation Services from WestLB AG. The acquisition of Boullioun brings ACG's portfolio of aircraft owned or under management to over 220 aircraft with a value of over $5 billion. The total consideration is approximately $2.65 billion. Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank Securities acted as the financial adviser to ACG. Deutsche Bank, UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System and HSH HSH abbr. Her (or His) Serene Highness Nordbank acted as structuring agents and arrangers, and provided the financing along with Calyon, DBS Bank, Fortis Bank and Norinchukin Trust and Banking Co. "As a result of this transaction, ACG becomes one of the top five operating lessors, with over 90 clients worldwide," said Stephen Hannahs, group managing director and co-founder of ACG. Newport Beach-based Aviation Capital Group has been providing innovative aircraft financing solutions and aircraft to the world's airline industry for more than 15 years. ACG has also actively provided asset management services to other third-party aircraft and aviation financing parties, and is among the leading aircraft operating lessors in the world, with a reach to all corners of the globe. For additional information about ACG, visit the company's Web site at www.aviationcapital.com. ACG is a subsidiary of Pacific LifeCorp, the parent company of Pacific Life Insurance Co. Founded in 1868, Pacific Life provides life insurance products, individual annuities, and mutual funds, and offers a variety of investment products and services to individuals, businesses, and pension plans. Pacific Life counts more than half of the 100 largest U.S. companies as clients(1) and is a member of Insurance Marketplace Standards Association (IMSA IMSA Illinois Mathematics and Science Academy IMSA International Motor Sports Association IMSA Insurance Marketplace Standards Association IMSA International Municipal Signal Association IMSA Illinois Mini Storage Association IMSA Institute of Marine Safety Auditors ), whose membership promotes high ethical standards for the sale of individual life insurance and annuities. For additional information about Pacific Life, including its current financial strength ratings from A.M. Best, Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. , Standard & Poor's, and Moody's, visit the company's Web site at www.PacificLife.com. (1) Data compiled by Pacific Life using the FORTUNE 500 lists as of April 2005. |
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