Paul Hastings Advises on £1.53 Billion AGS Airports Acquisition
Deal News | Nov 13, 2024 | Paul Hastings
Paul Hastings LLP has advised the Public Sector Pension Investment Board (PSP Investments) and AviAlliance GmbH, a leading private airport investor, in the acquisition of AGS Airports from Ferrovial and Macquarie for a significant enterprise value of £1.53 billion. The acquisition involves Aberdeen, Glasgow, and Southampton Airports, augmenting AviAlliance's portfolio. The transaction was led by a team of partners and associates from Paul Hastings, skilled in Energy and Infrastructure M&A, finance, and tax matters. The deal is still pending regulatory approvals and is projected to close in the first quarter of 2025. The involvement of a prestigious legal team underscores the transaction's complexity and importance in the global transportation and infrastructure sectors.
Sectors
- Infrastructure
- Aviation
- Private Equity
Geography
- United Kingdom – AGS Airports operates major airports in the UK – Aberdeen, Glasgow, and Southampton.
- Canada – PSP Investments, a prominent Canadian pension investment entity, is involved in the deal.
Industry
- Infrastructure – The acquisition involves major UK airports, highlighting the infrastructure aspects of aviation facilities.
- Aviation – AGS Airports operates Aberdeen, Glasgow, and Southampton Airports, making it a significant player in the aviation sector.
- Private Equity – The transaction involves PSP Investments and AviAlliance, known for their investment activities in private equity spheres, particularly in infrastructure and aviation.
Financials
- £1.53 Billion – The enterprise value of the AGS Airports acquisition by PSP Investments and AviAlliance.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Paul Hastings LLP | Legal Advisor | Company | A leading law firm providing advisory services in mergers & acquisitions, private equity, and infrastructure transactions. |
| PSP Investments | Buyer | Company | A major Canadian pension fund investor, engaged in acquiring significant assets like AGS Airports. |
| AviAlliance GmbH | Buyer | Company | A prominent private airport investor and operator, part of PSP Investments, focusing on expanding its global airport portfolio. |
| AGS Airports | Target | Company | The owner and operator of Aberdeen, Glasgow, and Southampton Airports in the UK. |
| Ferrovial | Seller | Company | A stakeholder in AGS Airports, divesting its share in the transaction. |
| Macquarie | Seller | Company | A stakeholder in AGS Airports, divesting its share in the transaction. |