operator deal

GMR – Operator

Operator // GMR Airports Ltd. (GAL)

Overview

Overview

In early 2019 GIL was reported to be in advanced talks with Tata Group (India), along with GIC (Singapore) and SSG Capital Management (Hong Kong) to co-invest in GMR Airports Limited (GAL). Tata was looking to acquire approximately 20% of GAL, with GIC and SSG buying up to 15% and 10% respectively, while GMR’s Employee Welfare Trust would retain a 2% stake. GMR is expected to utilize proceeds of the proposed minority sale to retire outstanding debt and fuel GMR’s growth plans in the airport sector. The deal would also include earn-out provisions linked to prescribed milestones and performance metrics over the inital five years for the deal, allowing GMR to increase it’s stake to 62% on reaching these targets. The proposed deal included a non-compete clause restricting Tata Group from entering the airports business.

102,000,000
744,000
1,247,800

Cargo (tonnes)

Airport Details

For multi-airport deal profiles, passenger, movement and cargo data is represented as accumulated values for all airports included in the deal.

Included Airports

Airports

Click an airport location for details

French Polynesia

1 airport

Transaction Stage

Stage

Deal has been archived

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Stage 1 — Pending

Deal Structuring & Market Sounding

Initial process by government/grantor or private owner of shares to structure the transaction and/or sounding potential market interest in the opportunity.

Stage 2 — Pending

Due Diligence & Bid/Offer Development

Investor/operator evaluation for the deal/opportunity and/or business case and financial model development to support commercial bid/offer.

Stage 3 — Pending

Award, Financial Close & Transfer

Award of deal by government/grantor, or acceptance of offer from private owner of shares, followed by completion of financing conditions and, ultimately, granting of concession and/or transfer of shares.

Deal Information

Information

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