TOKYO — Sumitomo Mitsui Finance and Leasing will purchase U.K.-based helicopter lessor Macquarie Rotorcraft in a transaction valued at slightly over $1 billion, Nikkei has learned, with an eye toward meeting the growing demand for emergency medical and disaster relief operations.
The deal, which includes debt, involves SMFL LCI Helicopters acquiring the shares from a Macquarie Group asset manager. Macquarie Rotorcraft is expected become a wholly owned unit by around the end of June.
