COLLABO

 

REQUEST FOR FINANCIAL ADVISORY AND ARRANGER SERVICES


For the Acquisition of a Majority Stake in a Nigerian Airline...


BSL AVIATION CONSORTIUM

Chairman: Barrister Olusola Iji, Former Nigerian Ambassador to Togo...

Proposed directors upon acceptance of nomination to the new Board of Directors...

Mrs. Modupe Olusola

Miss Otutochi Wigwe

Adaora Benedict Oramah

Florence Otedola.


Secretary: Tolulope Ayowunmi Ehuwa.


01-07-2025


Richard Vargo


Chief Executive Officer


AAY INVESTMENTS GROUP


Subject: Request for Financial Advisory and Arranger Services for Acquisition Of Nigerian Airline Aero Contactors...


Dear Richard Vargo,


We are pleased to formally approach your esteemed institution with a request to act as Financial Adviser and Lead Arranger for the acquisition of a majority 65% equity stake in a Nigerian airline AERO CONTRACTORS from the Federal Government of Nigeria (FGN) currently held by the Asset Management Corporation of Nigeria (AMCON). This strategic move is part of our broader vision to expand into the aviation sector and consolidate regional air transport infrastructure through operational efficiency, safety, and improved customer service delivery.


Background and Objective


BSL AVIATION CONSORTIUM, a diversified investment consortium with interests across, e.g., logistics, infrastructure, and energy, has identified a unique opportunity to acquire a controlling interest in a licensed Nigerian airline currently operating regional and domestic routes. The target airline possesses valuable assets, including:


  • An existing Air Operator Certificate (AOC)
  • A fleet of short-haul aircraft (B737 series and/or ATRs)
  • Strategic slots at major Nigerian airports
  • Existing regulatory approvals and operational staff

We intend to enhance operational capabilities, restructure capital, inject working capital, and upgrade safety and maintenance systems post-acquisition to elevate the carrier into a profitable and competitive regional airline.

To actualize this transaction and its broader objectives, we seek a competent and experienced financial institution to serve as:


  • Lead Financial Adviser: Conducting due diligence, valuation, financial modeling, and providing negotiation support.
  • Arranger: Structuring the deal and coordinating the sourcing of acquisition financing (debt/equity/hybrid), where required.
  • Transaction Manager: Overseeing the regulatory, compliance, and transaction closure process.

Scope of Services Expected


We are requesting the following core services:

  1. Due Diligence Support:
    • Review of the target’s financial, operational, and legal status
    • Assessment of liabilities, assets, and strategic risks
  2. Valuation and Deal Structuring:
    • Independent valuation of the airline and shareholding structure
    • Structuring an optimal acquisition and post-acquisition finance strategy
  3. Capital Raising:
    • Coordinating potential equity partners, institutional investors, or lenders
    • Negotiating terms and preparing documentation
  4. Regulatory and Transaction Management:
    • Guidance through NCAA, SEC, and other aviation-related regulatory requirements
    • Overseeing transaction documentation, SPV structuring, and final closing..
    •  

Why Your Institution

Your institution’s extensive track record in structuring complex aviation, infrastructure, and transportation deals globally and in sub-Saharan Africa aligns with our strategic ambitions. Your capital markets experience, network of investors, and industry insight will be invaluable in ensuring the success of this acquisition and its transformation potential.


Next Steps

We would appreciate the opportunity to meet with your transaction team to further discuss terms, timelines, and mutual expectations. Subject to your acceptance, we would be pleased to execute an engagement letter and proceed with a formal transaction timetable.


Conclusion

We are confident that your institution’s involvement will significantly enhance the technical, financial, and commercial strength of this acquisition process. We look forward to a strong and rewarding partnership.


Thank you for considering our request.


Warm regards,


Tolulope Ayowunmi Ehuwa,


Administrative Secretary.


BSL AVIATION CONSORTIUM,


234-8034899144,


tolulopeayowunmi@gmail.com..

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