Ashurst advises on £191m takeover of Amedeo Air Four Plus Limited
Global law firm Ashurst is advising Rothschild & Co, as financial adviser to LAC 10 LLC, a newly incorporated wholly-owned subsidiary of Lesha Bank LLC (Public) on the c. £191 million cash offer for Amedeo Air Four Plus Limited ("AA4+").
AA4+ is a non-cellular company limited by shares, registered and incorporated in Guernsey, having its shares listed on the Specialist Fund Segment of the London Stock Exchange’s Main Market since May 2015. AA4+’s investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing and then selling aircraft. AA4+ currently has a portfolio of six A380, two B777-300ER and four A350-900 aircraft, all on long-term leases to either Emirates Airlines or Thai Airways. AA4+’s asset manager is Amedeo Limited (“Amedeo”).
Amedeo is a global leading aircraft asset manager known for its end-to-end servicing capabilities, with $2 billion AUM (as of May 2025). Amedeo has expertise in managing wide-body aircraft, with 20 currently in their portfolio. Lesha Bank is an independent Shari’a-compliant bank authorised by the Qatar Financial Center Regulatory Authority, and is listed on the Qatar Stock Exchange.
Lesha Bank is an active investor, as principal and representing capital managed on behalf of its clients, in a range of asset classes including private equity, real assets (including aviation) and listed securities. Lesha Aviation Capital is a division of Lesha Bank, operated through a number of wholly-owned subsidiaries and is a dynamic and globally focused aviation leasing and investment platform. Since inception, Lesha Aviation Capital has built a portfolio of 15 widebody aircraft including Boeing 777-300ERs, Boeing 787-8, Boeing 787-9, and Airbus A350-1000 aircraft, all on-lease to global airlines.
The Ashurst team is being led by partners Tom Mercer and Tim Rennie, with support from senior associates Maria McAlister and Colin Bugler and associates Shashtika Sundar and Gareth Mair.
