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In the News

Organizational Concepts International – Labor and Executive Compensation/Search Firm – Joins Seabury Group. More>>


Regional Aviation Veteran Douglas Abbey Joins Seabury Group. More>>


Airfinance Journal awards Seabury Group with North American Deal of the Year for Northwest Airlines Restructuring. More>>


Seabury Group Adds 10 New Professionals to Consulting Practice More>>


Seabury Group Completes M&A Transaction for Futura Airways More>>


Seabury Group Partners with XOJET to Raise $363 Million in Aircraft Funding More>>


John Luth, Seabury Group CEO, speaks about financial reorganization More>>


Seabury Group Announces Promotions, Additions to Consulting Practice More>>


Henri Courpron to Head Seabury Group’s New Aerospace Division - Seabury Introduces Cargo Advisory and Aviation Services Businesses More>>


Seabury Group Completes Financial Role in Northwest Airlines Restructuring More>>


SAA Embarks On Deep and Fundamental Restructing (Issued by South African Airways) More>>


Lorica Solutions Purchased by Hotel Technology Solutions (Issued by Lorica Solutions) More>>


Seabury Group Strengthens Consulting Practice More>>


Seabury Group Expands Airline Investment Banking/Consulting Staff More>>


Seabury Group Names Mark J. Schulte Head of Investment Banking More>>


Aircraft Leasing Company AerCap Completes Joint Venture with LoadAir (Issued by AerCap) More>>


Airline Finance veteran says "Labor cost savings and strengthened balance sheet are critical to fund Northwest's future Aircraft needs" - (Issued by Northwest Airlines) More>>


Seabury Group Completes Financial Role in US Airways Restructuring/Merger with America West Airlines $805 million of common equity raised More>>


AIRFINANCE JOURNAL: "Breaking out from Chapter 11" More >>


The Deal: Seabury and the promise of a soft landing More >>


About Seabury Group

Founded in 1995, Seabury Group provides investment banking, financial advisory, restructuring, software development and consulting services for all segments of the transportation and logistics industries, as well as for the travel, travel technology, real estate, and insurance industries.

The firm’s professionals bring executive-level experience from top-tier Wall Street investment banking firms, “hands-on” management expertise from industry-leading transportation companies, and analytics from world-leading consulting firms. Seabury Group employs approximately 100 professionals based in the United States and Europe, serving clients on all continents. Seabury has one of the largest investment banking, restructuring and management consulting firms in the world dedicated to the transportation sector.

Airfinance Journal awards North American Deal of the Year to Seabury Group for Northwest Airlines Restructuring. (February 2008)

Turnarounds & Workouts has named Seabury Group one of 12 outstanding investment bankers in its annual special report for the past four years. (Beard Group, Washington , D.C. , July/August 2003, 2004, 2005, 2006 and 2007) .

Transaction of the Year Award - 2006The Turnaround Management Association recognized Seabury’s role in the merger of US Airways Group, Inc. and America West Holdings with a Transaction of the Year Award in 2006.

 

Investment Banking/M&A

Seabury Group provides a broad range of M&A, advisory and capital markets services to corporate and financial clientele. Investment entities on whose behalf the Seabury Group has acted include Blackstone Group, Cerberus Capital Management, Deutsche Bank, Goldman Sachs, Oaktree Capital, Texas Pacific Group, Wexford Capital Management, Liberty Mutual, Fortis, and Kemper Insurance. Seabury professionals have represented or performed consulting services to many companies, including Air Canada, Air New Zealand, Airbus Industrie, AirTran Holdings, America West Airlines, Atlas Air Cargo, The Boeing Company, Capital Cargo, Continental Airlines, Frontier Airlines, Kitty Hawk (Cargo), Northwest Airlines, Qantas Airways, Ryanair, South African Airways, Spirit Airlines, Star Alliance, Thai Airways and US Airways. As part of its advisory to US Airways Group, Inc. in its merger with America West Holdings Corporation, Seabury arranged and/or advised in raising $829 million of common equity and $1.15 billion of other forms of debt, supplier liquidity facilities and net asset sale proceeds.

Investment Banking/Structured Finance

Seabury Group’s capital-raising efforts have included both private equity and debt. The firm’s principals have structured more than US $100 billion in debt, equity, M&A transactions and strategic affiliations.

Restructuring

The firm has provided restructuring advisory services to numerous airlines. Seabury served as investment banker and principal restructuring advisor to Northwest Airlines from 2005 to 2007 in its restructuring and its successful emergence from Chapter 11. Seabury was sole financial, restructuring and M&A advisor to US Airways in its successful emergence from Chapter 11 and merger with America West Airlines (September 2005). In that effort, Seabury raised over $680 million of private equity capital ($840 million of total equity capital) and over $2.2 billion of total cash financings for the merger. In September 2004 Seabury successfully completed a business and financial restructuring of Air Canada though Canada ’s CCAA process. For Air Canada Seabury restructured C$13 billion on-and off-balance sheet liabilities and raised C$1.1 billion of new equity capital through a combination of underwritten rights offering (C$850 million) and private equity (C$250 million). This is one of the largest passenger air carrier equity raises in history. Seabury advised Air Canada on the arrangement of C$540 million of exit debt financing as well as on financing for a new regional jet order, and on restructuring its network, distribution system and fleet.

Also in 2003/2004 Seabury served as financial advisor to Avianca ( Colombia ’s flag carrier) in respect to its restructuring under Chapter 11 (the first non-US company to do so under the US Chapter 11 process).

Previous engagements include highly successful corporate restructuring assignments for America West Airlines, Inc., Continental Airlines, Inc., and Kitty Hawk.

Management Consulting/IT

Seabury has provided IT, management strategic and operational advisory services to various airline companies.

   
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Recent Deals

Northwest Airlines

    Serving as investment banker and principal restructuring advisor to Northwest Airlines, Seabury Group :
  • Restructured $13.5 billion of debt and lease obligations
  • Raised $750 million of new equity commitments
  • Structured $1.225 billion DIP financing consisting of a $175 million revolver and a $1.05 billion 6-year term loan
  • Served as M & A advisor on Northwest’s acquisition of Mesaba Airlines

US Airways

  • As part of its advisory in the merger with America West Holdings Corporation, arranged and/or advised in raising
    - $640 million of new private equity from six investor groups
    - $188 million public equity offering
    - $144 million convertible notes offering
    - $705 million supplier financing facilities
    "New US Airways" Reorganization Timeline >>

Air Canada

  • Advised on wide-body fleet order for Boeing aircraft as part of airline's intercontinental fleet renewal
    - firm order for 32 Boeing aircraft (18 B777s and 14 B787s)
    - options on up to 64 Boeing aircraft
  • Restructured C$13 billion on-and off-balance sheet liabilities
  • Raised C$1.1 billion of new equity capital
  • Advised on the arrangement of C$540 million of exit debt financing


Avianca

  • Restructured $274 million of financial obligations
  • Advised on $63 million of exit financing from OceanAir, the Brazilian airline, and Federacion Nacional de Cafeteros S.A.

 
   


 

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