AB CarVal

In the news – Reuters Events : “Many interconnections across markets have been delayed, and delays are getting worse, not better,” Xiaoyu Gu, managing director, AB CarVal. “The multiple headwinds mean that many projects with less sound economics or development practices will fall by the wayside,” Gu said. Meanwhile, companies that execute well-developed utility-scale battery storage can end up with "extremely valuable assets."   Read the full article at: https://lnkd.in/dub2W6YJ

GoldenPeaks Capital secures financing facility with funds managed by AB CarVal. GoldenPeaks Capital, one of the fastest-growing independent power producers in Eastern Europe, will use the funds to finance further acquisition and construction of ready-to-build solar photovoltaic assets in Poland. “We are delighted to work in partnership with GoldenPeaks Capital to support the global energy transition through our flexible financing solutions.” Jonathan Hunt, managing director with AB CarVal. https://lnkd.in/ey-vqQ_z

P.J. Collins, managing director with AB CarVal, will deliver a presentation - A Deep Dive into Specialty Finance – at the upcoming Insurance Risk & Capital Americas conference in New York. More on AB CarVal’s Insights on Specialty Finance are available here: https://lnkd.in/g43R5SQz   The full conference agenda is available: https://lnkd.in/gdUX36Ku  

AB Synergy Minneapolis (previously the AB CarVal Women’s Forum) hosted family story time with Sarah Samuels, CFA, CAIA to launch her new book, Braving Our Savings, at our Minneapolis office. The story features sisters, Holland and London, on an adventure to learn about the basics of investing and to increase their financial vocabulary. #FinancialLiteracy #Inclusion

AB CarVal’s P.J. Collins, managing director, has published a point-of-view on the U.S. consumer: “Consumer Debt: Not a One-Size-Fits-All Investment Strategy” “A snapshot of consumer fundamentals and macro trends today reveals a mixed picture. There are plenty of bearish signals. The labor market shows signs of weakening. Prices on many consumer staples remain high. Savings rates have declined while delinquency rates have been rising. And higher interest rates are starting to weigh on consumers with multiple forms of debt. But while there may be conservatism in consumer behavior, we don’t see broad weakness in the fundamentals.” Read the full article: https://lnkd.in/g4MgVuMP

Aergo Capital Limited (“Aergo”) has acquired two (2) Boeing 737-800 aircraft, bearing the manufacturer serial numbers 40308 & 34989 from SMBC Aviation Capital. The aircraft are on lease to Korean low-cost carrier, T'way Air. Fred Browne, Chief Executive Officer of Aergo, commented: “It is a pleasure to announce the acquisition of the two Boeing 737-800 aircraft from SMBC Aviation Capital. We are particularly excited to add T’way to our portfolio as a new lessee. I would also like to thank SMBC Aviation Capital for their diligence in getting this deal over the line and look forward to working with them again in the future.”   Michael Littleton, Head of Aircraft Trading, SMBC Aviation Capital, commented: “SMBC Aviation Capital are pleased to confirm the sale of two Boeing 737-800 to Aergo. This transaction strengthens the relationship between SMBC Aviation Capital and Aergo and we look forward to building on this relationship in the future.” Smith Gambrell Russell, LLP acted as lead counsel to Aergo.   McCann FitzGerald LLP acted as lead counsel to SMBC Aviation Capital. MUFG acted as the sole lender on this transaction. #aircraft #aircraftleasing #aircraftlessor #aviation #aviationindustry #aviationnews

We recognize #NationalAviationDay and two leaders in AB CarVal's aviation team. James McManus and Emily Wilson. The post-pandemic recovery in commercial air travel is well underway, and a rapidly growing global middle class means the skies will only get more crowded. But aircraft supply is barely keeping up as manufacturers struggle to make up for past capacity cuts and overcome supply chain challenges. For more Insights from our aviation team, visit: https://lnkd.in/gHe6xwdh

Interested in timely, unique perspectives on investment opportunities we are seeing today? Check out our new Insights about asset-based finance, bank stress and aviation leasing at: https://lnkd.in/e6nK5dCy

AB CarVal congratulates Aergo Capital on the latest addition to its aviation leasing portfolio.   Fred Browne, Chief Executive Officer of Aergo: “We are thrilled to announce the completion of this purchase & lease-back transaction with WestJet. The eight B737s are an excellent addition to our growing portfolio. This marks our first transaction with WestJet, and we are particularly pleased to add another Canadian carrier to our client base. We look forward to an ongoing relationship with the airline. I would like to thank all who were involved in executing this deal so smoothly and expeditiously.”

Students from Duke University visited our London office as part of their six-week summer program to gain a deeper understanding of the financial services industry and global financial markets. Thank you to Daniel Kayello, director, for hosting the students on behalf of AB CarVal and giving them an overview of private credit markets and alternative investments.