ICG Acquires Regional and City Airports with Newmark’s Advisory Expertise
Deal News | Aug 15, 2025 | Gerald Eve
In a notable transaction within the aviation sector, Intermediate Capital Group (ICG) has acquired Regional and City Airports (RCA), which operates Bournemouth, Norwich, and Exeter Airports. This acquisition also includes the XLR Executive Jet Centres. Newmark provided strategic advisory services for this acquisition, enhancing its status as a leading advisor in aviation real estate. Ludovic Laforge from ICG highlighted the importance of Newmark's insights in navigating the transaction, noting that these insights informed ICG's strategy for the acquired portfolio. John Arbuckle of Newmark expressed enthusiasm for the continued growth potential of RCA under ICG’s leadership. Newmark's involvement underscores its expertise in providing tailored property due diligence and strategic advice in the infrastructure domain. In addition to reinforcing its position in the aviation real estate advisory market, Newmark continues to demonstrate significant industry reach, with revenues surpassing $2.9 billion as of June 2025. The company's comprehensive service offerings and strategic approach facilitate impactful investments in the UK and beyond.
Sectors
- Aviation
- Infrastructure
- Real Estate
- Private Equity
Geography
- United Kingdom – The transaction focuses on the acquisition of airports located in the UK, with implications for UK infrastructure development.
- Europe – ICG’s European Infrastructure team is leading the acquisition, highlighting the geographical focus within Europe.
Industry
- Aviation – The transaction involves the acquisition of Regional and City Airports (RCA) and its operations, highlighting the aviation industry's focus.
- Infrastructure – ICG's acquisition pertains to airport infrastructure, with plans to expand and enhance aviation operations.
- Real Estate – Newmark's advisory services in property due diligence signify the relevance of real estate within the transaction.
- Private Equity – The acquisition is conducted by ICG, a firm specializing in private equity investments, underscoring the influence of this sector.
Financials
- Over $2.9 billion – This figure represents Newmark's revenues for the twelve months ended June 30, 2025.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intermediate Capital Group (ICG) | Bidding Company | Company | ICG is the entity acquiring RCA, expanding its infrastructure portfolio in the aviation sector. |
| Regional and City Airports (RCA) | Target Company | Company | RCA operates Bournemouth, Norwich, and Exeter Airports, and is the acquisition target of ICG. |
| Newmark Group, Inc. | Advisor | Company | Newmark advised on the transaction, providing insights and due diligence on property matters. |
| John Arbuckle | Head of Aviation at Newmark | Person | John Arbuckle led the advisory team at Newmark, facilitating the transaction with ICG. |
| Ludovic Laforge | Managing Director of Infrastructure Equity at ICG | Person | Ludovic Laforge was instrumental in leading the acquisition process at ICG. |