M&A Deal Summary

TBI Acquires London Luton Airport

On March 21, 2001, TBI acquired airliner London Luton Airport from Equistone Partners Europe Limited for 131M EUR

Acquisition Highlights
  • This is TBI’s 1st transaction in the Airlines sector.
  • This is TBI’s 0th largest (disclosed) transaction.
  • This is TBI’s 1st transaction in the United Kingdom.
Investment Fate
  • London Luton Airport was divested to a consortium of buyers in 2013 for 394M GBP.
  • London Luton Airport was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2001-03-21
Target London Luton Airport
Sector Airlines
Buyer(s) TBI
Sellers(s) Equistone Partners Europe Limited
Deal Type Add-on Acquisition
Deal Value 131M EUR

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

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 (Add-on Acquisition) 1 of 1
Country (United Kingdom) 1 of 1
Year (2001) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-02 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.

Sell £394M

Seller(S) 1

SELLER

Equistone Partners Europe Limited

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 9.6B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Equistone Partners Europe Ltd is a private equity firm that invests in small to mid-sized companies with valued from €50 to €500 million. Equistone targets companies operating in the fields of services, healthcare, financial services, and consumer/travel. The Firm looks to invest €25 to €200 million in a variety of transactions, including buyouts, growth capital financings, and recapitalizations. Equistone Partners Europe Ltd. (formerly Barclays Private Equity Ltd) was formed in 1997 and is based in London.

DEAL STATS #
Overall 5 of 192
Sector (Airlines) 1 of 2
Type (Add-on Acquisition) 4 of 67
Country (United Kingdom) 4 of 84
Year (2001) 1 of 2
Size (of disclosed) 29 of 58
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-27 Lasercom

United Kingdom

Lasercom is the European systems integrator and Application Service Provider (ASP) specialising in customer communications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-07 Recruitment Solutions Group

Ilford, United Kingdom

Recruitment Solutions Group is one of the UK's leading consultancies specialising in the recruitment of skilled professionals on a permanent and temporary basis to the social services, healthcare and education sectors.

Buy £18M
Mergr

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