Dechert recently advised BOND, a fractional aviation company, on the close of $320 million in preferred equity and debt financing led by credit funds and accounts managed by global investment firm KKR, with $30 million of equity funding from a select group of founding partners.
Launched in strategic collaboration, with a fleet composed exclusively of Bombardier aircraft, Dechert also advised BOND on the introduction of “Fractional 2.0,” ownership for a new generation of private flyers who expect reliability, service excellence and capital-efficient ownership.
The company’s $1.7 billion firm order and services agreement includes 50 factory-new Challenger 3500 and Global 6500 aircraft and options for 70 more Challenger and Global planes. With those additional aircraft, BOND’s Bombardier purchase could exceed $4 billion in value.
The Dechert team advising BOND included corporate partners Nick Marchica, Sarah Kupferman and Mark Thierfelder, who led the equity/corporate side; global finance partners Bruce Hickey and Paul McAleer, who led the debt and aircraft purchase side; and tax partners David Passey and Joshua Milgrim, who led on tax.
