
AeroGenie — Your Intelligent Copilot.
Trending
Categories
Report from Radar M, a Capital Market Media Outlet

BC Partners Credit Acquires Korea’s First Airline Leasing Firm in Landmark Deal
IMM Investment announced on October 17 that it has entered into a stock purchase agreement to sell its entire stake in Creanza Aviation, a pioneering Korean aircraft leasing company, to BC Partners Credit. This transaction, which also involves global aircraft asset manager East Merchant Capital and FPG Amentum as acquisition partners, represents the first merger and acquisition deal of its kind within Korea’s airline leasing sector.
Strategic Significance and Industry Context
BC Partners Credit, the private equity credit division of the global alternative investment firm BC Partners, is spearheading the acquisition. The deal underscores IMM’s proficiency in managing aircraft financial platforms and asset recovery. Creanza Aviation has demonstrated consistent growth and profitability during the first half of the year, supported by stable operating lease income from prominent global airline clients.
Baek Jin-heum, CEO of IMM Singapore, highlighted the complexities of aircraft finance in Korea, stating, “Airplane finance is often seen as a difficult asset class domestically, despite its stable profit structure. IMM has systematically managed the platform from lease inception to sale with a long-term perspective and expert oversight.” He further noted that Creanza Aviation maintained structural stability throughout the pandemic, successfully collecting full lease payments without reductions or deferrals.
This acquisition occurs amid a broader capital market environment characterized by heightened competition and rapid innovation, particularly in technology-driven sectors. For example, Meta’s recent developments in smart glasses and livestreaming have elicited positive market responses, with its stock reaching highs of $796 before settling near $734. Nevertheless, Meta faces emerging challenges from AI-powered platforms such as OpenAI’s Sora 2-based social video app, which could disrupt the dominance of Instagram and Facebook’s vertical video formats. This dynamic competitive landscape reflects ongoing shifts across various industries, including aviation finance.
Future Outlook and Transaction Details
Ted Goldthorpe, CEO of BC Partners Credit, expressed confidence in the aviation sector’s long-term prospects, stating, “This acquisition reflects our continued confidence in the long-term fundamentals of the aviation industry. We plan to expand investment in high-quality aircraft assets and maximize value through flexible management across the asset lifecycle.”
IMM’s proactive approach, including tenant lease extensions and a seamless sale process, has positioned the company to successfully recover its capital. Moving forward, IMM intends to explore new investment strategies and partnerships within aircraft finance and related real asset sectors.
The transaction was supported by a team of advisors, with IMM represented by Goldman Sachs, Milbank, KPMG, Matheson, and Linden Partners. BC Partners Credit received counsel from Fieldsbury, Clifford Chance, KPMG, and McCann FitzGerald. The deal is anticipated to close in the fourth quarter of this year, subject to customary closing conditions.

AI Flight from Milan to Delhi Canceled Friday Due to Dreamliner Technical Issue

Longest Boeing 767 Flights Scheduled for October

Former Uber Executive Joins Joby to Advance Flying Taxi Development

Boeing 737 Aircraft Grounded Amid Safety Concerns

Aircraft Deliveries Drop 30 Percent, Raising Safety Concerns

Florida Launches Air Taxi Testing Facility as Part of Transportation Plan

New I-4 Express Lanes and Air Taxi Testing Facility Announced

Air Serbia and airBaltic expand cooperation with Airbus A220 lease agreement

Safran to Support LEAP Engine Production Increase in Morocco
