News & Insights

May 2019

volofin announces closing of first transaction, a P2F acquisition and conversion term financing facility for Spectre Cargo Solutions


 

volofin Capital Management Ltd. (“volofin”), the specialised aviation lending platform established earlier this year by Bob Peart, Robert Jack and Stewart Tanner, has closed its first transaction.

The company provided a term loan to finance the acquisition and conversion of three Boeing 737NG aircraft into freighters for Texas-based Spectre Cargo Solutions.

The aircraft included one 737-700 and two 737-800s,  all are 2000-vintage and are powered by CFM56-7B22/26 engines.

volofin acted as sole arranger and sole lender in the transaction.

March 2019

volofin announces addition to team and establishment of US office


 

volofin Capital Management, the newly established aviation lending platform, announced the addition of Nolan Heske to the team. Based in New York, Nolan will serve as Managing Director, Capital Markets and will lead the firms capital markets, syndications and private placement activities.

The company also announced the opening of a New York office, at 135 East 57th Street. The New York office will support the main office in London with analytics, capital markets, research and legal services.

January 2019

Announcing the launch of volofin Capital Management (“volofin”)


volofin Capital Management (“volofin”) will have a single focus – offering financing solutions for aviation investment firms, lessors and airlines with complex, time sensitive needs and seeking a reliable financing partner.

Although a new name, volofin is being founded by a team of industry veterans with proven track records and significant experience financing, investing, and managing commercial aviation assets through multiple industry cycles, together with strong relationships across all segments of the industry. The firm will be led by Bob Peart (CEO), who is joined by Robert Jack (Senior Managing Director) and Stewart Tanner (Senior Managing Director) as members of the executive team. The initial team assembled to launch the firm has over 140 years of combined industry experience, over 40 years working together, and completed over $15 billion in aviation investment and financing transactions.

“With significant financing capital at our disposal, we will provide clients a full range of structured financing solutions” commented Bob Peart. “We have assembled an impressive team and are looking to capitalize on the team’s deep market and asset knowledge, reputation for reliability, integrity, creativity and passion, together with technology and state-of-the-art quantitative tools to drive our success. It’s a simple formula, we are combining the right people, the right tools and processes, and the right approach to deliver superior service and results.”

volofin is being formed to address an underserved segment of the commercial aviation market, where many investment firms, lessors and airlines need reliable bespoke financing solutions for midlife and end-of-life assets.

“Stewart and I have worked together for over 18 years positioning Erste Group Bank as a reliable financing partner in a specialized segment of the market, and we are delighted to join forces with Bob to launch volofin and expand our capabilities across a wider segment of the market” said Robert Jack. “Our flat and streamlined organizational structure brings senior decision makers into the process at the very beginning, providing clients with a quick and reliable response to their financing requirements. It also provides clients with the benefit of dealing directly with professionals who have significant experience structuring transactions.”

“We are very excited to launch this new platform” added Stewart Tanner. “We will be focusing on the mid-life and end-of-life segments of the market but will also provide financing solutions for younger aircraft, including PDP financings. Our goal is to foster the same customer-centric approach that served us well in the past, and position volofin as the preeminent non-bank financing partner for a broad segment of the market.”

volofin is launching with its principal office in London and will soon add an office in New York.