News stories
Recent news updates from MDT
August 2010
MDT acted on behalf of Aires S.A. of Colombia in negotiating and concluding the sale and leaseback with Nordic Aviation Capital in respect of 4 x Q400 aircraft recently acquired from Jeju Air of South Korea.
Click here for the full press release.
August 2010
Duvas Technologies (Duvas), the technology company spun out of Imperial College in 2008, has raised a total of £915,000 of additional equity and loan capital from existing and new shareholders, including South East Seed Fund, managed by Finance South East (FSE), and Gulfvest Limited, introduced to Duvas via London Business Angels being part of the Angel Capital Group.
Duvas was spun out of Imperial College in 2008 by Verdetech Investments Limited (the venture capital arm of MDT (UK) Limited) and Imperial Innovations. Existing shareholders, including Verdetech and the executive management team, also invested during the new funding round.
Click here for the full press release.
May 2010
MDT arranged the financing of one Bombardier Global Express (MSN 9112) on behalf of A-TEC Industries of Austria. The financing was provided by the leasing subsidiary of a UK Bank.
May 2010
MDT acted on behalf of Aires S.A. of Colombia in negotiating and concluding the sale and purchase agreement in respect of 4 x Q400 aircraft to be acquired from Jeju Air of South Korea. MDT is now in the process of finalising the financing for these aircraft.
April 2010
MDT, together with our partners, completed the lease of one CRJ-200LR (MSN 7025) to JetLink in Kenya. The airline now operates four aircraft sourced from MDT.
April 2010
MDT is pleased to announce that Chris Spencer has joined the London team. Chris brings over 20 years leasing and asset finance experience which spans a range of transportation and other assets, structures and jurisdictions. Previously he worked for the NatWest Group for 12 years, ABN AMRO for 7 years and more recently Bank of Scotland Corporate in each case working on high value structured asset financings both domestic and cross border. Chris will work across all areas of MDT’s business.
February 2010
MDT structured and arranged the sell-down of participations in the operating lease of Bombardier EMUs for the Stansted Express service written by Lloyds TSB Rail Capital in April 2009 to Commonwealth Bank of Australia and Barclays Bank plc
December 2009
MDT arranged the Sale and Leaseback of one B747-400 on behalf of Virgin Atlantic Airways. The financing was completed with financing provided by a major Chinese banking and leasing institution.
December 2009
MDT, together with our partners, completed the lease of one CRJ-200LR (MSN 7113) to JetLink in Kenya. The airline now operates three aircraft sourced from MDT.
July 2009
Following the successful demonstration of the MESSAGE programme at Imperial College on 30th June, Duvas Technologies real time, portable air quality monitoring sensors enjoy widespread positive publicity across the BBC, Sky News and other media organisations.
June 2009
MDT, together with our partners, completed the sale of one CRJ-200LR (MSN 7373, 2000 Vintage). The aircraft will be operated by Georgian Airways and was previously operated by Cimber Airlines.
June 2009
MDT’s subsidiary, Verdetech Investments, underwrote a successful rights issue for Duvas Technologies, a high-tech UV spectroscopy company jointly owned with Imperial Innovations. Duvas has developed innovative new sensors, initially aimed at the ambient air quality monitoring market.
May 2009
MDT, together with our partners, completed the sale of one CRJ-200LR (MSN 7386, 2000 Vintage). The aircraft will be operated by Georgian Airways and was previously operated by Cimber Airlines.
April 2009
Duvas Technologies, a company co-owned by MDT’s investment subsidiary, has delivered the first of six portable ambient air quality monitoring sensors as part of the MESSAGE programme, a £3.5m research project, co-funded by the DfT and EPSRC, with research undertaken by 5 of the UK’s leading universities.
April 2009
MDT, together with our partners, completed the lease of one CRJ-200LR (MSN 7004) to DAC Aviation.
April 2009
MDT acts as financial advisor for Lloyds TSB on rolling stock acquisition for London Eastern Railway
MDT’s Land Transportation team acted as financial advisor to Lloyds TSB Rail Capital in relation to its acquisition of 30 four-car Bombardier Electrostar electric multiple units. The order value is approximately £173 million.
The trains will be delivered between March and June 2011 and will be leased to London Eastern Railway for use on the Stansted Express services between Stansted Airport and London Liverpool Street.
The transaction is the first passenger rolling stock operating lease written by Lloyds TSB Rail Capital in the UK market. It also represents a significant order pursuant to the UK Department for Transport’s High Level Output Specification which is designed to ease overcrowding on the rail network in the south of England.
For further information contact
Jacqui Nelson jacqui.nelson@mdt-uk.com
Steve Layburn stephen.layburn@mdt-uk.com
February 2009
MDT, together with our partners, completed the lease of two CRJ-200LR (MSN 7006/7016) to JetLink in Kenya.
November 2008
MDT arranges sale and lease-back for Odfjell
MDT has completed the structuring and arrangement of a sale and operating lease for Odfjell of Norway. The tanker MT Bow Sky (40,005 dwt / built 2005) was delivered to its new owner in November 2008. The ship will continue in the Odfjell Tankers Pool and will continue to be managed by Odfjell.
The vessel was sold by Odfjell for USD84.5 million, and a UK subsidiary of nabCapital, the institutional banking and capital markets division of National Australia Bank Limited has granted an 11-year operating lease to Odfjell. Odfjell has obtained a very competitive dayrate for the vessel by applying the revised UK cross border leasing rules. This is the first UK operating lease transaction carried out by the nabCapital banking group with a non-UK shipping company.
Odfjell had been working on ways of strengthening their group equity since the damaging Norwegian retroactive tax imposed last year. This process had been hindered by the impact of the global financial crises. However, the sale of MT Bow Sky will result in a net gain for Odfjell of USD32 million.
MDT's Darren Hawkins commented: "It was a credit to the determination of both Odfjell and nabCapital that we were able to close this transaction in very turbulent financial markets on attractive terms for both parties."
October 2008
MDT closed the permanent financing for its acquisition of 2 ATRs. The two aircraft, an ATR42-320 and an ATR72-200, are both operated by Airlinair.
July 2007-2008
MDT acted as advisor for ORNGE (formerly the Ontario Air Ambulance Services) for the acquisition of 10 Agusta-Westland 139 helicopters. ORNGE is responsible for air ambulances services in the Province of Ontario, an integral component of the larger emergency health system in communities across the Province.
October 2007
USD400 million financing of six vessels to Rederi AB Transatlantic
MDT has arranged the USD400 million lease financing of six container vessels to Rederi AB Transatlantic.
The transaction was structured and arranged by MDT, with finance provided by leading European banks.
Rederi AB Transatlantic develops and supplies marine transport solutions in four main segments: Transatlantic Services, European Services, Icebreaking and Offshore.
August 2007
MDT arrange USD156 million financing for Odfjell SE
Finance specialist MDT has arranged the USD156 million lease financing of two chemical tankers for Norwegian shipping company Odfjell SE.
The transaction was structured and arranged by MDT, with finance provided by a leading UK bank.
Odfjell SE is a specialist in transportation and storage of bulk chemicals, acids, vegetable oils and petroleum products.
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