Ardian Becomes Heathrow's Largest Shareholder with 22.6% Stake
Deal News | Dec 12, 2024 | Ardian
Ardian, a prominent private investment house, has finalized the acquisition of a 22.6% stake in FGP Topco Ltd, the holding company of Heathrow Airport Holdings Ltd, marking it as the largest shareholder. This transaction, completed in conjunction with PIF acquiring a 15% stake, strengthens Ardian's presence in the UK and highlights its commitment to sustainable infrastructure growth. The acquisition aligns with Ardian's proven track record in airport investments, demonstrated by its previous ownership in London Luton Airport and Italian airports. The acquisition is also seen as a reaffirmation of confidence in the UK market, hailed by government figures as supporting economic growth and international competitiveness. Ardian's role in Heathrow is anticipated to foster infrastructure development and contribute towards a sustainable aviation future in the UK.
Sectors
- Infrastructure
- Private Equity
- Aviation
Geography
- United Kingdom – The transaction involves Heathrow Airport, a key infrastructure asset located in the UK, and the investment reflects Ardian's commitment to the UK market.
- Europe – Ardian's operations and investments span across Europe, including previous investments in Italian airports.
Industry
- Infrastructure – The acquisition highlights Ardian's focus on investing in crucial infrastructure assets like airports, which are vital for economic development and connectivity.
- Private Equity – Ardian, as a private equity firm, is engaged in expanding its investment portfolio by acquiring significant stakes in major infrastructure assets.
- Aviation – The acquisition involves Heathrow Airport, a primary player in the global aviation sector, indicating a targeted investment in this industry.
Financials
- 22.6% – The percentage stake acquired by Ardian in FGP Topco Ltd, making them the largest shareholder.
- 15% – The stake acquired by PIF in FGP Topco Ltd as part of the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ardian | Bidding Company / Buyer | Company | A leading private investment house, managing and advising assets globally across various investment opportunities. |
| Heathrow Airport Holdings Ltd | Target Company | Company | The company that operates Heathrow Airport, the primary international airport serving London. |
| Ferrovial SE | Selling Company / Vendor | Company | A Spanish multinational company involved in infrastructure, selling its stake as part of this transaction. |
| PIF (Public Investment Fund) | Other Buyer | Company | Saudi Arabia's sovereign wealth fund, acquiring a 15% stake in the same transaction. |
| FGP Topco Ltd | Holding Company | Company | The holding company for Heathrow Airport Holdings Ltd. |