Pinsent Masons acts on sale of Edinburgh Airport
International law firm Pinsent Masons has advised BAA on the sale of Edinburgh Airport in a deal reported to be worth over £807m.
Global Infrastructure Partners, the independent fund that invests in infrastructure assets worldwide, was the successful bidder, beating off stiff competition from a number of other parties.
The team was led by Manchester-based Projects partner Nick Ogden, Glasgow-based Corporate partner Kevin Devanny and Belfast-based Corporate partner Richard Gray.
Nick Ogden says:
"We are delighted to have acted for BAA on this matter. Edinburgh Airport is a prize asset with a proven income stream, so demand was understandably high. By running multiple, concurrent bids from across our network of UK offices, we hope we have played our part in ensuring that our client and its shareholders obtained the best possible outcome in this transaction."
The firm has a strong track-record in the sale of infrastructure assets. In 2011 lawyers at the firm advised on the sale of Forth Ports to Arcus Infrastructure Partners, while in previous years the team acted on the disposal of Exeter City airport and Ferrovial's sale of Belfast City Airport Limited in a £132.5million deal.