M/12/026 – Onex / Summit / BBAM
Transaction details
The proposed acquisition of joint control of BBAM Limited Partnership by Onex Partners III LP and Summit Aviation Partners LLC has been cleared by the Competition Authority.
| Notification date | Decision date |
|---|---|
| Friday November 30, 2012 | Friday, December 21, 2012 |
| Parties Involved | Business activities |
|---|---|
| Onex Partners III LP | Onex is a Canadian-based corporation listed on the Toronto Stock Exchange which invests in companies through a number of private equity funds. |
| Summit Aviation Partners LLC | Summit is a limited liability company incorporated in Delaware, USA, owned by management of the Target. Summit owns 85% of the equity of the Target, and ownership of the Target is Summit's primary investment and business activity. |
| BBAM LLC | BBAM operates in commercial aircraft leasing, financing and management, providing over 200 airline customers in approximately 50 countries with fleet and financing solutions since 1989. |
| Economic sector | Media merger |
|---|---|
| The parties to the proposed transaction are engaged in private equity investment and commercial aircraft leasing, financing and management respectively. | No |
| Submissions from third parties due by: | |
|---|---|
| Phase 1 | Phase 2 |
| Thursday, December 13, 2012 | |
| Current status: Completed |
|---|
| Cleared (Phase 1) |
| Authorised Officer Assigned | Contact Details |
|---|---|
| Elaine Cahill | Tel: 01-804 5482, email: ec@tca.ie |
Media enquiries: MKC Communications: 01 7038600
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