Belfast International acquired by ADC & HAS Airports Worldwide
The deal has been completed as part of the acquisition of airport assets - including airports in Sweden and the US - from TBI Limited for a purchase price of €297 million euros (approximately $401 million).
John Doran (right), managing director, Belfast International Airport, said: "As Belfast International Airport enters into the final stages of its 50th Anniversary year celebrations, we are delighted to warmly welcome the strength and experience of ADC & HAS Airports Worldwide on-board as our new owners.
"Their arrival will assist the airport to fully realize our development potential in support of the Northern Ireland economy as we embark upon the next 50 years of operation."
The transaction includes the purchase of 100% of the shares in Belfast International Airport, 90.1% of the shares in Stockholm Skavsta Airport, and 100% of the shares in the concession which operates at Florida's Orlando Sanford International Airport.
Also included in the acquisition are 100% of the shares of TBI Airport Management, which has operations contracts for various airports including Concourse E and the Maynard Jackson International Terminal at Hartsfield-Jackson Atlanta International Airport; Bob Hope Airport in Burbank, California; the Middle Georgia Airport and Macon Downtown Airport in Georgia, and Raleigh Durham International Airport's Terminal 2 in North Carolina.
"We are delighted to have completed this significant transaction," said Jeff Scheferman, president and CEO of ADC & HAS Airports Worldwide. "This acquisition adds two international airports serving European capital cities and more than 700 experienced airport personnel, serving more than 35 million passengers annually.
"Our ADC & HAS Airports Worldwide platform is a long-term operating investor and we have ambitious plans to operate, grow and hold these assets. Airports are our only business and we are truly looking forward to working with our management teams at each of our new assets to develop the potential of our people, drive innovation and expand the opportunities now open to our group."
"TBI US is delighted to be joining forces with global operator ADC & HAS Airports Worldwide" said TBI president Larry Gouldthorpe. "We believe that in many ways, this acquisition represents the best possible outcome for the combined business in terms of tapping future growth potential and unlocking the intrinsic value for our investors. We can't wait to get started."
ADC & HAS Airports Worldwide - a privately-held company whose sole business is investing in, developing and operating airports worldwide - was advised by HSBC Bank plc and O'Melveny & Myers LLP as financial and legal advisors respectively.
