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.
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Deal Pipeline
The deal pipeline tracks 119 deals worldwide, spanning more than 57 countries and 237 airports.
airport deal
United Kingdom – Newcastle
Operator // Newcastle International Airport Ltd. (NIAL)
Overview
Overview
In the latter half of May 2019, Australian fund manager AMP Capital was reportedly said to be considering sale of its 49% stake in NIAL, which it acquired from Copenhagen Airport in 2012 for a reported GBP150m. Despite continued Brexit uncertainty, the asset has seen higher than expected valuations. According to AMP, NCL is an “efficient non-regulated airport … dominant market position with a strong catchment area and a well balanced mix of airlines and routes … modern infrastructure with limited near term capex requirements … [NIAL has] strong governance rights with equal board representation … [and a] strong cash yield” history. In 2018, NIAL posted a GBP21.8m operating profit on GBP58m in revenues. Pension funds and other traditional institutional investors are expected to pursue the deal which is anticipated to transact at upwards of GBP500m.
Included Airports
Airports
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United Kingdom
1 airport
Transaction Stage
Stage
Deal has been archived
Deal transaction stage will no longer be updated when a deal has been marked as archived.
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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