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
Location
Florida, United States
Transaction Type
Buyout

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