Apollo Aviation Agrees To Be Acquired By Carlyle Group

(RTTNews) - Apollo Aviation Group , a multi-strategy aviation investment manager, said Monday that it agreed to be acquired by The Carlyle Group (CG). The transaction is expected to close no later than January 31, 2019, subject to customary conditions, after which Apollo Aviation will become Carlyle Aviation Partners Ltd.

Since its founding in 2002, Bill Hoffman and Robert Korn have developed Apollo Aviation into a leading institutional investment manager focused on the aviation industry, with current assets under management of $5.6 billion and 243 aircraft owned, managed or committed to purchase.

Bill Hoffman and Robert Korn will lead Carlyle Aviation, which will operate within Carlyle's Global Credit Segment.