Deal Snapshot
Monocle Acquisition and AerSale Revise Merger Agreement
Friday 11 September 2020

US-based public investment vehicle Monocle Acquisition Corp. (NASDAQ: MNCL) and US-based aviation aftermarket products and services company AerSale Corp have entered into a revised agreement to merge in a transaction with a fully diluted enterprise value of approximately USD 300m, equating to approximately 5.5x AerSale's forecasted 2021 Adjusted EBITDA, the companies said.

The combined company will be named AerSale Corp. and is expected to be publicly traded on the NASDAQ Stock Market. The parties anticipate closing the transaction early in 4Q20, after receipt of shareholder approval.

Date Published: 11/09/2020