Pillsbury Advises Crestone Air Partners on Acquisition of Arena Aviation Capital

The acquisition significantly expands Crestone’s scale and enhances the breadth of its capabilities. The combined platform manages a portfolio of approximately 120 aircraft and 17 engines leased to customers worldwide, representing more than $4 billion in assets under management.

The transaction also includes a passive minority equity investment from funds managed by Blue Owl Capital. The investment is intended to support Crestone’s continued growth and complement Blue Owl’s asset acquisition program with Crestone.

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The Pillsbury deal team was led by Finance partner Melissa Jones-Prus and Corporate partner Lindsey Livingston and included Corporate counsel JP Cordon and Brandon Eckford, senior associate Branden Lau, associates Natalie Alexander, Joseph Mario Guarnaccia and Anne Reyna; senior law clerks Jasmin David and Lauryn Holliday and senior legal analyst Desiré Castillo; Finance associate Nicolas St-Amant; Tax partner Harsha Reddy and special counsel Ivan Mitev; and Executive Compensation & Benefits partner Jessica Lutrin.