Kirkland & Ellis advised BBAM LP, a worldwide leader in aircraft lease management and financing and the manager and servicer of Fly Leasing Limited (NYSE: FLY) (“FLY”), a global leader in aircraft leasing, in connection with FLY’s sale to an affiliate of Carlyle Aviation Partners. The total enterprise value of the transaction is approximately $2.36 billion. The transaction is expected to close in the third quarter of 2021 and is subject to customary closing conditions. Read the FLY press release

The Kirkland team was led by corporate partner Edward Lee and special situations partner Ranesh Ramanathan. The team also included corporate partner David Perechocky and associates Brian Allen, Kevin Simms and Daniel Yip, special situations associate Alexander Cushman, and litigation partner Sandra Goldstein.