DUBLIN, November 10, 2016 /PRNewswire/ -- Acasta Enterprises Inc. to commitUS$100 milliontoStellwagen Capital'sInvestment Vehicles Stellwagen Group ("Stellwagen") and Acasta Enterprises Inc., a Toronto, Canada based public company ("Acasta", and together with Stellwagen, the "Parties"), today announced that the Parties have entered into definitive agreements by which Acasta would acquire Stellwagen for approximately US$270 million plus future consideration contingent on the operating performance of Stellwagen over the next three to five years, and will commit to investing US$100 million into Stellwagen Capital's Senior Loan Company or another strategic investment. These agreements are subject to certain conditions, including regulatory approval and approval by Acasta's shareholders. Stellwagen's world-class leadership team is executing on a highly profitable entrepreneurial business model. The Group is uniquely positioned to leverage innovative financial engineering and technology to modernize aircraft lending and leasing, largely unchanged for decades. Stellwagen's aviation finance and management businesses have experienced significant growth over the past three years and will draw upon the relationships and the expertise of Acasta to drive the growth of its existing businesses and the new asset management and technology businesses. "Aircraft asset management and financing is an extremely attractive industry, with strong returns and much less volatility than the airline sector as a whole. The newly launched technology business also gives us a high level of confidence that the Stellwagen team can deliver, and is validated by the traction they have already received in the market," said Michael Neal, an Acasta Founder and Advisor, and current member of JP Morgan's Board of Directors. As the former CEO of GE Capital, Mr. Neal oversaw GE Capital Aviation Services' $46 billion commercial aircraft and financing business unit.