DECEMBER 8TH, 2016
Nord/LB and FPG Amentum enter into Cooperation
Dublin / Hanover 08 December 2016 –FPG Amentum Ltd. (‘FPG Amentum’) and Norddeutsche Landesbank Girozentrale (‘NORD/LB’) announce today that they are entering into commercial cooperation with FPG Amentum providing asset management to NORD/LB and the two parties developing joint industry research. To strengthen the cooperation NORD/LB is acquiring a minority stake in FPG Amentum.
Commenting, Oliver Faak, Global Head of Ship and Aircraft Finance of NORD/LB said: “FPG Amentum is the ideal partner to complement NORD/LB’s asset based lending approach. As one of the most renowned independent asset managers in aviation FPG Amentum is going to enhance NORD/LB’s capability to support existing customers and new investors in the aircraft financing sector likewise. Last but not least both teams share common backgrounds and the same understanding of the industry. We are very much looking forward to the joint venture with FPG Amentum.”.
Jan Melgaard, Executive Chairman of FPG Amentum adds: “NORD/LB is one of the leading global aerospace lenders with distinct development plans in this sector. FPG Amentum fits very well into such plans as asset manager and industry research partner. We take this cooperation as a testament to the quality of service FPG Amentum provides, we are excited about further strengthening our industry research and we are proud to work with NORD/LB, which is an important expansion of our customer base.”
FPG Amentum was advised by McCann FitzGerald. A & L Goodbody and KPMG acted for NORD/LB.