Terra Firma, a European private equity firm, added to its portfolio of operating lease companies with the purchase of San Francisco-based Pegasus Aviation Finance. Price was not disclosed. Sellers were investment funds managed by Oaktree Capital Management and Pegasus senior management. Last year, Terra Firma acquired AWAS from Morgan Stanley for $2.5 billion in cash plus the assumption of liabilities. Terra Firma Chief Executive Guy Hands said the purchase of Pegasus "builds on our initial ...

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