Dublin based Griffin Aviation and Bain Capital have agreed to acquire 17 new technology Rolls-Royce Engines, including models like Trent XWB-84s, Trent XWB-97s, Trent1000s, and Trent 7000s.
The engines will be owned by a newly formed standalone entity and used as spare engines by Rolls-Royce’s global customer base.
This transaction highlights Griffin and Bain Capital’s ability to provide customized solutions to airlines, original equipment manufacturers, and others in the aviation industry.
Bank of America led the financing for the acquisition, with contributions from Mizuho Bank, Citibank, and Goldman Sachs Bank. Legal advisory services were provided by Hughes Hubbard & Reed LLP, Akin Gump Strauss Hauer & Feld LLP, and Milbank LLP.
