Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
KKR to Invest in Jet Edge
- Client News
- September 9, 2021
Paul, Weiss is advising Jet Edge International, a leader in full-service global private aviation, in an investment in the company by global investment firm KKR. Ohio-based Jet Edge is responsible for operating the largest fleet of Challenger and Gulfstream aircraft available for charter in the United States. Under the terms of the transaction, KKR will invest $40 million in preferred equity. The transaction follows the firm’s $150 million credit investment in Jet Edge announced earlier this year.
The new investment will support the growth of Jet Edge’s Reserve membership program and rapidly expanding fleet. Jet Edge will also continue to make advancements in its technology and infrastructure, including optimized scheduling systems, artificial intelligence-based programs to maximize fleet efficiency and a dynamic mobile application.
The Paul, Weiss team includes corporate partners Cullen Sinclair and Matthew Abbott, and counsel Bruce Gruder; tax partner Brian Krause; and executive compensation partner Jarrett Hoffman.