M&A Deal Summary

TBI Acquires London Luton Airport

On March 21, 2001, TBI acquired airliner London Luton Airport from Equistone 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
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

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 is a private equity firm that invests in small to mid-sized companies 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, recapitalizations, and take privates. Equistone was formed in 1997 and is based in London, England.

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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