SCHEDULE 13D/A: AerSale Corporation Repurchases Over 6.4 Million Shares from Leonard Green & Partners Affiliates

AerSale Corporation has completed the repurchase of 6,427,635 shares of its common stock from affiliates of Leonard Green & Partners for $7.00 per share, reducing the investment firm's beneficial ownership to 5.9%.

Summary

• AerSale Corporation (the "Issuer") repurchased an aggregate of 6,427,635 shares of its Common Stock from Green Equity Investors CF, L.P. ("GEI CF"), Green Equity Investors Side CF, L.P. ("GEI Side CF"), and LGP Associates CF LLC ("Associates CF").
• The shares were sold at a price of $7.00 per share.
• The agreement for the sale was made on March 14, 2025, and the transaction closed on March 18, 2025.
• Following the sale, GEI CF, GEI Side CF, and Associates CF collectively beneficially own 3,141,250 shares of Common Stock.
• This remaining beneficial ownership represents 5.9% of AerSale Corporation's Common Stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While a major investor reduced its stake, the transaction was a negotiated share repurchase, which can be viewed positively for the company as it reduces share count and potentially boosts EPS.

Positives

• The share repurchase reduces the number of outstanding shares, which can potentially increase earnings per share (EPS) for existing shareholders.
• The transaction provides liquidity and an exit for a portion of the investment by Green Equity Investors and LGP Associates.
• A company repurchasing its shares can signal management's confidence in the company's valuation and future prospects.

Negatives

• The repurchase utilizes company cash that could otherwise be deployed for growth initiatives, debt reduction, or other strategic investments.
• The reduction in stake by a significant institutional investor like Leonard Green & Partners affiliates could be interpreted by some as a signal of reduced long-term conviction, although it is a negotiated transaction.

Future Outlook

NA

Industry Context

This filing primarily details a change in beneficial ownership and a share repurchase transaction, rather than providing broader industry context or trends. It reflects a specific capital allocation decision by AerSale and a portfolio adjustment by Leonard Green & Partners affiliates.

Related Party Transactions

• The sale of shares by Green Equity Investors CF, L.P., Green Equity Investors Side CF, L.P., and LGP Associates CF LLC to AerSale Corporation constitutes a related party transaction, as these entities are affiliates of Leonard Green & Partners, a significant historical shareholder of AerSale.

Stakeholder Impact

• Shareholders: The repurchase reduces the outstanding share count, which could lead to an increase in earnings per share (EPS) and potentially enhance shareholder value.
• Selling Funds (Green Equity Investors/LGP Associates): The transaction provides a significant liquidity event and allows these funds to realize value from a portion of their investment in AerSale.
• Company (AerSale): The company utilizes its cash reserves for the repurchase, impacting its balance sheet and capital allocation strategy.

Key Dates

Keywords

AerSale Corporation, Share Repurchase, Common Stock, Beneficial Ownership, Schedule 13D, Green Equity Investors, Leonard Green & Partners, Stock Sale, Institutional Investor