AMTD Group successfully advises China Minsheng Investment Corp., Ltd on its strategic investment in Luxaviation Group and its joint acquisition of ExecuJet Aviation Group, totalling EUR 121mm in value
On 27 April 2015, China Minsheng Investment Corp., Ltd (“China Minsheng Investment”) finalized a strategic investment in Luxaviation Group (“Luxaviation”) of Luxembourg and simultaneously teamed up with Luxaviation to jointly acquire ExecuJet Aviation Group (“ExecuJet”) of Switzerland by means of a series of convertible bond arrangements, totalling EUR 121.06 mm in acquisition value. Following the conversion of these convertible bonds, China Minsheng Investment will effectively own 33.7% of Luxaviation and 66.6% of ExecuJet. After jointly acquiring ExecuJet, Luxaviation becomes the second-largest private aviation operator worldwide, currently managing 250 aircraft under the most stringent safety standards. The investment from China Minsheng Investment is a key step of Luxaviation’s global expansion in the private aviation operation industry. AMTD Group acted as the Advisor to China Minsheng Investment in these arrangements.
China Minsheng Investment is the only private enterprise approved by the State Council to utilize “China” in its name; the company is owned by 61 well-known PRC private enterprises while its establishment was led by the All-China Federation of Industry & Commerce; the company’s registered capital of CNY 50 billion makes it the largest private company in the PRC (at the time of establishment) on that measure; the firm is involved in 6 key business segments: Financial Investment, Property Investment, Modern Property Management, New Energy, General Aviation and Cross-border Investment and Financing. Starting August 2014, Zhongmin International Jet Co., Ltd, a subsidiary controlled by China Minsheng Investment, has joined hands with its wholly-owned subsidiary Business Aviation Asia Limited in the operation and management of the largest business jet fleet in Asia.
Both Luxaviation and ExecuJet are leading business aviation groups in the world. The combined company has world-class expertise in aircraft management, aircraft charter, aircraft maintenance, aircraft completions management and fixed base operator services, embracing a workforce of over 1,500 experienced staff and a fleet of 250 business jets under management globally under most stringent safety standards. Together, they have operations in six regions – Africa, Asia, Australasia, Europe, Latin America and the Middle East. After acquiring ExecuJet, Luxaviation becomes the second-largest private aviation operator worldwide.
AMTD is a Hong Kong-based, China-focused integrated non-bank financial platform dedicated to combining and providing access to capital and investment opportunities. Its global presence allows AMTD Group to provide its clients with professional capital markets & advisory, asset management, and insurance brokerage services.