Aquila Air Capital, a prominent engine leasing company, has been acquired by Wafra Inc., a global alternative asset manager based in New York. The acquisition, which was finalized after receiving all necessary regulatory approvals, marks a significant transition for Aquila, previously owned by Warburg Pincus.

Wafra entered into a definitive agreement to acquire a controlling interest in Aquila on October 18, 2024. Al Wood, CEO of Aquila Air Capital, expressed enthusiasm about the acquisition, highlighting it as a testament to the team's efforts and the value the platform offers. He emphasized the potential for growth and expansion that the partnership with Wafra will facilitate, including the introduction of new services and an expanded global customer base.

Edward Tsai, Managing Director at Wafra, echoed this sentiment, stating that the acquisition will initiate a new growth phase for Aquila. He noted the strong demand for aviation equipment finance, positioning Aquila to effectively serve its international clientele.

To support the acquisition and future growth initiatives, ATLAS SP Partners, a finance and securitized products firm majority-owned by Apollo funds, provided a credit facility. Aquila was advised by Evercore for financial matters, while Kirkland & Ellis LLP offered legal counsel. Wafra was represented by Sidley Austin LLP in legal affairs.