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Financing flying high for Ansett Aviation Training
Hogan Lovells has advised new Asia-Pacific debt fund investor Tanarra Credit Partners on its funding for CHAMP Ventures’ majority stake in Ansett Aviation Training.
Grace Ormsby
Firm: Hogan Lovells (Tanarra Credit Partners)
Value: Confidential
Area: Finance
Key players: Banking partner Richard Hayes led the team with corporate partner Matt Johnson, counsel Chris Robertson, associates Eric Van Winssen and Alistair Handy and trainee solicitor Amelia Schubach.
Deal significance: Tanarra Credit Partners is a newly established debt fund investing in senior and mezzanine loans across the Asia-Pacific region.
Ansett Aviation Training is one of the southern hemisphere’s largest aviation training facilities. It is listed as a current investment of CHAMP Ventures, which it has held a majority stake in since June 2012.
It comes less than a week after the same Hogan Lovells team also advised Tanarra Credit Partners on the funding of Australian private equity firm Next Capital for its acquisition of iseek Communications.
Lead Hogan Lovells Partner Richard Hayes said the team was “delighted to be able to assist our new debt fund client, Tanarra Credit Partners, with the structuring, negotiation, documentation and completion of these significant transactions.”
“These deals highlight the success of Tanarra’s business model and platform and reflect the ongoing trend of disintermediation in the leveraged finance market here in Australia and overseas.”
