M&A Deal Summary

Ardian Acquires London Luton Airport

On August 2, 2013, private equity firm Ardian acquired airliner London Luton Airport from TBI for 394M GBP

Acquisition Highlights
  • This is Ardian’s 1st transaction in the Airlines sector.
  • This is Ardian’s 43rd largest (disclosed) transaction.
  • This is Ardian’s 13th transaction in the United Kingdom.
Investment Fate
  • London Luton Airport was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2013-08-02
Target London Luton Airport
Sector Airlines
Buyer(s) Ardian
Sellers(s) TBI
Deal Type Divestiture
Deal Value 394M GBP

Target

London Luton Airport

Luton, United Kingdom
London Luton Airport is a seventh largest airport in the UK and one of the fastest growing, serving over 5 million passengers per annum. London Luton Airport was founded in 1987 and is based in Luton, United Kingdom.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 125.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €150 million per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.

DEAL STATS #
Overall 197 of 418
Sector (Airlines) 1 of 1
Type (Divestiture) 12 of 30
Country (United Kingdom) 13 of 26
Year (2013) 3 of 10
Size (of disclosed) 43 of 67
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-06 LowendalMasai

Paris, France

LowendalMasai is a consulting firm in the field of operating cost reductions. Lowendal is dedicated to helping businesses generate cost savings in a number of areas such as payroll, taxation and G&A costs. The group is developing its offer within five specialist business services: Social Costs, VAT, Local Taxes, Overhead Cost Control, and Innovation Financing. The group's services are remunerated exclusively on the basis of success fees. LowendalMasai was founded in 1992 and is based in Paris, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-05 Arkadin S.A.

Paris, France

Founded in France in 2001, Arkadin provides a complete range of remote collaboration solutions (audio, web and video conferencing services).

Sell -

Seller(S) 1

SELLER

TBI

London, United Kingdom
Category Company
Sector Transportation
DESCRIPTION

TBI Ltd. owns and manages airports.

DEAL STATS #
Overall 1 of 1
Sector (Airlines) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-21 London Luton Airport

Luton, United Kingdom

London Luton Airport is a seventh largest airport in the UK and one of the fastest growing, serving over 5 million passengers per annum. London Luton Airport was founded in 1987 and is based in Luton, United Kingdom.

Buy €131M
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