Norton Rose Fulbright advises DZ Bank AG and DVB on landmark sale of aviation finance division

Press release - Business March 2019

Global law firm Norton Rose Fulbright has advised DVB, the transportation finance division of DZ Bank AG, on the sale of its aviation finance group to Japan’s Mitsubishi UFJ Financial Group (MUFG) and its affiliated leasing operation BOT Lease (BOTL).

Under the purchase agreement, the entire aviation client lending portfolio of DVB Bank will be transferred to MUFG. DVB Bank’s aviation investment management and asset management businesses will be transferred to BOTL. The transaction is expected to close during the second half of 2019.

This is the second major cross-border sale for DVB that the firm has advised on in recent weeks. In December 2018, the firm advised DVB and DZ Bank AG on the sale and transfer of DVB’s land transportation business to German public sector lender Landesbank Hessen-Thüringen Girozentrale (Helaba). That transaction is expected to close during 2019.

In both transactions, Norton Rose Fulbright advised DVB as co-counsel with Freshfields in Germany.

These are the most recent examples of a number of portfolio sales and acquisitions the firm has acted on involving aviation, rail and shipping assets, reflecting its experience in advising on high-level and complex cross-border assignments for banks.

The Norton Rose Fulbright cross-border team on these sales was led by partners Alan Bainbridge and Simon Lew and included Timo Noftz in Hamburg, Tom Johnson, Imogen Garner, Mark Tricker and Marcus Evans in London and Sean Corrigan in New York.

For further information please contact:

Louise Nelson, Senior PR Manager
Tel: +44 20 7444 5086; Mob: +44 7909 684 893
louise.nelson@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright

Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.

Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.

Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.