Almada raises initial $80 mln in launch of aviation finance fund

Canadian private equity firm Almada has raised an initial $80 million for its inaugural aviation finance fund.

The capital sources were not disclosed.

Aircraft Opportunity LP will invest in mid-life, narrowbody and special purpose aircraft.

To date, Almada has acquired three aircraft, two Bombardier Q400s and a Basler BT67, and has two other aircraft under contract. It is sourcing additional opportunities.

Toronto-based Almada was founded last year by CEO Alon Ossip, Chairman Martin Goldfarb and David Ossip.

Investing more than $200 million so far, the firm plans to launch more funds in other verticals, including real estate, self-storage, software and waste management.

Photo: Alon Ossip, co-founder and CEO of Almada.

PRESS RELEASE

Almada Inc. Announces Launch of its First Fund

Aviation finance fund will be the first in a series of funds

TORONTO, Nov. 8, 2018 /CNW/ – Almada Inc. (Almada) announced today the successful launch of its first fund, Almada Aircraft Opportunity Limited Partnership, having raised $80 million in its first tranche. The fund is investing in mid-life, narrowbody and special purpose aircraft.

To date, Almada has acquired three aircraft (two Bombardier Q400s and a Basler BT67) and has two other aircraft under contract (a Boeing 737-800 and an Airbus A321-200), which is expected to close this month.

Almada is in the process of sourcing additional aircraft.

Stellwagen Group, which has expertise in sourcing and leasing aircraft, has been retained by Almada to complete the transactions and to continue as Almada’s aircraft servicer.

“Almada is delighted to launch its first fund,” said Martin Goldfarb, co-founder and chairman, Almada. “We are actively protecting and growing our partners’ capital alongside our own by investing in sectors that we believe will outperform. This first fund is focused exclusively on aviation finance, and we plan to launch additional funds in other attractive verticals.”

“Aviation finance is unique in that the assets are secure, movable and global,” said Alon Ossip, co-founder and chief executive officer, Almada. “It is a very attractive business – growing rapidly in size, with strong lease yields and strong air travel demand. Almada will continue to grow its role in the supply chain by making opportunistic secondary market purchases of in-demand and in-production narrowbody aircraft.”

About Almada Inc.
Founded in 2017, Almada is a private equity / venture capital entity which focuses on companies in which it has a significant influence or controlling position. Almada utilizes the skills and experiences of the principals, namely Alon Ossip and Martin Goldfarb, to create a series of investments in different verticals. Extensive work has already been done in software, industrials, real estate, environmental management, self-storage and aviation. Since its founding, Almada has invested over $200 million. Almada is based in Toronto, Canada.

For further information: Investor Relations Contact: Martin Goldfarb, mgoldfarb@almadainvestments.com, 416-833-1774; Media Relations Contact: Paul Deegan, pdeegan@almadainvestments.com, 647-992-5522