Air Lease Corp. to go Private in Merger Valued at $7.4 Billion
Air Lease Corp., a Century City-based aviation company, entered into a merger agreement with Sumitomo Corp., SMBC Aviation Capital, Apollo and Brookfield in a deal that values the company at $7.4 billion, or approximately $28.2 billion including debt obligations to be assumed or refinanced net of cash. Air Lease stockholders will receive $65.00 in cash for each share of Class A common stock.
“Since founding Air Lease in 2010, we have been unwavering in our mission to shape the future of the aviation industry and provide airlines around the world with access to the most modern, fuel-efficient aircraft. After thoughtful consideration, the board has unanimously determined that this transaction represents the best path forward for our company as it will deliver an immediate premium and certainty in cash value to our Class A common stockholders,” said Steven Udvar-Hazy, chairman of Air Lease, in a statement.
The cash consideration of $65.00 per share represents a 7% premium over its all-time high closing stock price on August 28, 2025, and a 31% premium over the volume-weighted average share price during the last 12-month trading period ended August 29, 2025. The transaction is expected to close in the first half of 2026, pending regulatory approvals.
Sourced from Air Lease Corp.
Ace Hotel Group Acquired for $90 Million by Japanese Hotel Operator
Palm Springs-based Ace Group International, an operator of boutique hotels, announced a deal to be acquired by Tokyo-based Seibu Prince Hotels Worldwide for $90 million. The deal includes the company’s in-house creative agency, Atelier Ace.
“Ace will remain the independently spirited company it has been since its founding in 1999, only now with the resources and infrastructure to unlock our full potential and expand meaningfully in the years ahead,” said Chris Penn, chief executive of Ace Hotels, in a statement.
Ace’s portfolio currently includes eight hotels, including U.S. locations in New York, Seattle and Palm Springs. The brand is currently developing Ace Hotel Fukuoka, its second hotel in Japan, which is slated to open in 2027. Seibu Prince currently operates 86 hotels, 31 golf courses and 10 ski resorts globally.
Seibu’s acquisition of Ace adds an internationally recognized lifestyle brand to its portfolio as it plans to expand its global portfolio to 250 hotels by 2035, per the company.
Sourced from Ace Group International.
Camarillo Firm Attollo Engineering Acquired by Safran Defense and Space
Safran Defense and Space Inc. acquired Attollo Engineering, a Camarillo-based company with 60 employees specializing in compact, high-performance imaging and laser sensing solutions.
The acquisition strengthens Safran DSI’s product offerings by enhancing its capabilities in advanced imaging and sensing technologies.
“Attollo’s technology broadens Safran DSI’s reach across multiple platforms, enabling faster, more accurate execution no matter the mission,” said Joe Bogosian, chief executive and president of Safran DSI, in a statement. “Attollo’s advanced infrared and laser sensing technologies and cameras will significantly expand our U.S. customers’ capabilities in intelligence, surveillance and reconnaissance missions.”
Attollo Engineering specializes in shortwave infrared and midwave infrared imaging systems and laser sensing technologies. Known for its small pixel pitch sensors with advanced functionality, Attollo provides innovative solutions at the cutting edge of small sensor cores and laser imaging to the defense, aerospace and commercial sectors.
Sourced from Safran Defense & Space.
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