Monocle Acquisition Corporation Merges with Leonard Green‑backed AerSale Corporation
December 22, 2020
Monocle Acquisition Corporation (a SPAC) completed a business combination with Leonard Green & Partners‑backed AerSale Corporation, taking AerSale public on the Nasdaq under the ticker ASLE. The transaction provided AerSale with cash and equity consideration (implied enterprise value ≈ $430M at signing) to strengthen its balance sheet and support expansion of its MRO, asset purchase, and engineered solutions initiatives while existing shareholders, including Leonard Green & Partners, retained a significant equity stake.
- Buyers
- Monocle Acquisition Corporation
- Targets
- AerSale Corporation
- Sellers
- Leonard Green & Partners, Florida Growth Fund LLC, Nicolas Finazzo, Robert Nichols
- Industry
- Aerospace & Defense
- Location
- Florida, United States
- Transaction Type
- Buyout
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