Global Infrastructure Partners - acquisition of Edinburgh Airport

  • 23 Apr 2012
 

Slaughter and May is advising Global Infrastructure Partners (GIP), a leading independent global infrastructure fund manager, on the acquisition from BAA of its 100% interest in Edinburgh Airport Limited for £807.2 million in cash.

The acquisition, which was signed and announced on 23 April 2012, is expected to close by the end of May.

Edinburgh Airport handled 9.3 million passengers in 2011 and generated EBITDA of £48.3 million for the same period.

GIP invests worldwide in infrastructure assets and businesses. Its other airport investments are a 75% interest in London City Airport and a 42% controlling stake in London Gatwick Airport.

 
 

Contacts

 

Corporate and Commercial: Mark Horton (partner), Hon Weng Wong (associate), Amy Hutchings (associate); Financing: Philip Snell (partner), Richard Fletcher (associate); Pensions and Employment: Charles Cameron (partner), Eleanor Hart (associate); Competition: Christopher Wright (special adviser), Naomi Burgoyne (associate); Tax: William Watson (partner), Dominic Robertson (associate); IP/IT: Edward Keeble (partner), Claire Morrissey (associate); Real Estate: David Waterfield (partner)

On matters of Scots law, support was given by Shepherd and Wedderburn whose team was led by Real Estate partner Michael Henderson.

 
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