OHA is Lead Left Arranger of Private Unitranche Financing Supporting Acquisition of Farsound by Onex
Oak Hill Advisors (OHA) has acted as Lead Left Arranger for a private unitranche facility supporting Onex's acquisition of Farsound Aviation. Farsound, a leading global supply chain solutions provider for the aerospace engine maintenance, repair and overhaul (MRO) market, will benefit from OHA's extensive aerospace sector knowledge. Alexis Atteslis, Co-Head of Europe and Partner at OHA, highlighted Farsound's strong management team and unique business model, expressing confidence in the company's growth potential under Onex's strategic guidance.
Oak Hill Advisors (OHA) ha svolto il ruolo di Lead Left Arranger per un finanziamento unitranche privato a sostegno dell'acquisizione di Farsound Aviation da parte di Onex. Farsound, un fornitore leader globale di soluzioni per la catena di approvvigionamento nel mercato della manutenzione, riparazione e revisione (MRO) dei motori aeronautici, beneficerà della vasta conoscenza di OHA nel settore aerospaziale. Alexis Atteslis, Co-Head of Europe e Partner di OHA, ha sottolineato il forte team di gestione di Farsound e il suo modello di business unico, esprimendo fiducia nel potenziale di crescita dell'azienda sotto la guida strategica di Onex.
Oak Hill Advisors (OHA) ha actuado como Lead Left Arranger para una instalación de financiamiento unitranche privada que apoya la adquisición de Farsound Aviation por parte de Onex. Farsound, un proveedor global líder de soluciones en la cadena de suministro para el mercado de mantenimiento, reparación y revisión (MRO) de motores aeroespaciales, se beneficiará del amplio conocimiento de OHA en el sector aeroespacial. Alexis Atteslis, Co-Head of Europe y socio de OHA, destacó el sólido equipo directivo de Farsound y su modelo de negocio único, expresando confianza en el potencial de crecimiento de la empresa bajo la guía estratégica de Onex.
Oak Hill Advisors (OHA)는 Onex의 Farsound Aviation 인수를 지원하는 민간 유니트란치 시설의 주선자로 활동했습니다. Farsound는 항공 엔진 유지보수, 수리 및 개조(MRO) 시장을 위한 글로벌 공급망 솔루션 제공업체로, OHA의 포괄적인 항공 우주 부문 지식을 활용할 수 있을 것입니다. Alexis Atteslis, OHA의 유럽 공동 책임자이자 파트너는 Farsound의 강력한 관리 팀과 독특한 비즈니스 모델을 강조하며 Onex의 전략적 지침 아래에서 회사의 성장 잠재력에 대한 신뢰를 표명했습니다.
Oak Hill Advisors (OHA) a agi en tant que Lead Left Arranger pour une installation de financement unitaire privée soutenant l'acquisition de Farsound Aviation par Onex. Farsound, un fournisseur mondial de premier plan de solutions de chaîne d'approvisionnement pour le marché de la maintenance, réparation et révision (MRO) des moteurs aéronautiques, bénéficiera de l'expertise approfondie d'OHA dans le secteur aéronautique. Alexis Atteslis, Co-Head of Europe et partenaire chez OHA, a souligné la solidité de l'équipe de direction de Farsound et son modèle commercial unique, exprimant sa confiance dans le potentiel de croissance de l'entreprise sous l'orientation stratégique d'Onex.
Oak Hill Advisors (OHA) hat als Lead Left Arranger für eine private Unitranche-Finanzierungsfazilität fungiert, die die Aquisition von Farsound Aviation durch Onex unterstützt. Farsound, ein führender globaler Anbieter von Lösungen in der Lieferkette für den Markt der Wartung, Reparatur und Überholung (MRO) von Luftfahrttriebwerken, wird von OHA's umfangreicher Expertise im Luftfahrtsektor profitieren. Alexis Atteslis, Co-Head of Europe und Partner bei OHA, hob das starke Managementteam von Farsound und das einzigartige Geschäftsmodell hervor und äußerte Vertrauen in das Wachstumspotenzial des Unternehmens unter der strategischen Führung von Onex.
- Strategic acquisition in the growing aerospace MRO market
- Backing by experienced private equity firm Onex enhances growth prospects
- Secured private unitranche financing demonstrates market confidence
- None.
Insights
This private unitranche financing deal represents a significant transaction in the aerospace MRO sector. The involvement of Onex, a major private equity player and OHA as the lead arranger indicates substantial deal value, though specific terms aren't disclosed. The strategic importance lies in Farsound's position in the aerospace engine MRO supply chain, a sector experiencing growth due to increasing air travel and aging aircraft fleets requiring maintenance.
The unitranche structure combines senior and junior debt into a single facility, typically offering more flexible terms and potentially higher leverage than traditional bank financing. This deal structure suggests a strong belief in Farsound's cash flow generation capabilities and growth prospects in the aviation aftermarket sector.
London, United Kingdom, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”) served as Lead Left Arranger for a private unitranche facility supporting the acquisition of Farsound Aviation Limited (“Farsound”) by private equity sponsor Onex. Farsound is a leading global supply chain solutions provider for the aerospace engine maintenance, repair and overhaul (“MRO”) market. OHA’s extensive knowledge of the aerospace sector and experience from previous investments in the industry enabled it to play a key role in this LBO financing solution.
“With its best-in-class management team and unique business model, supported by Onex’ extensive experience and strategic presence in the industry, we believe Farsound is well-positioned to continue its strong growth trajectory,” said Alexis Atteslis, Co-Head of Europe and Partner at OHA. “With this financing, we continue to grow our European private credit business, leading transactions and providing flexible, tailored capital solutions.”
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About OHA: Oak Hill Advisors (OHA) is a leading global credit-focused alternative asset manager with over 30 years of investment experience. OHA works with institutions and individuals and seeks to deliver a consistent track record of attractive risk-adjusted returns. The firm manages approximately
With over 400 experienced professionals across six global offices, OHA brings a collaborative approach to offering investors a single platform to meet their diverse credit needs. OHA is the private markets platform of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW). For more information, please visit oakhilladvisors.com.
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