Houston, Texas, July 22, 2013 - ADC & HAS AIRPORTS WORLDWIDE has agreed to acquire airport assets in Northern Ireland, Sweden and the United States from TBI Limited for a purchase price of 284 million euros (370 million US dollars).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 to operate Florida’s Orlando Sanford Airport. Also included in the acquisition are 100% of the shares of TBI Airport Management, which has operating 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.
“We are extremely pleased with this acquisition,” said Jeff Scheferman, President and CEO of ADC & HAS AIRPORTS WORLDWIDE. “With it, we add to our portfolio two airports serving capital cities. We also expand and intend to further build upon our presence in the US market, add more than 350 experienced airport personnel, and will be serving more than 35 million passengers annually.”
ADC & HAS AIRPORTS WORLDWIDE is a privately-held company whose sole business is investing in, developing and operating airports worldwide. It currently owns 48.75% of the shares in the Juan Santamaria International Airport in Costa Rica’s capital city of San Jose, and 45.0% of the shares in the concession to develop and operate the Daniel Oduber International Airport serving Costa Rica’s growing Guanacaste tourist region.
TBI Limited is 90% owned by Abertis Infrastructuras, S.A. and 10% owned by AENA Desarrollo Internacional, S.A.
ADC & HAS AIRPORTS WORLDWIDE was advised by HSBC Bank plc and O’Melveny & Myers LLP as financial and legal advisors respectively.
The acquisition is subject to customary regulatory approvals and closing conditions.
ADC & HAS AIRPORTS WORLDWIDE is a privately-held, multi-national company with a proven track record of successful investment, development and operation of airports. It brings together the operational DNA and technical resources of the Houston Airport System (HAS), the fourth largest airport system in the U.S. and sixth largest in the world, serving more than 35 million passengers annually, and the financial strength of the Ontario Municipal Employees Retirement System ("OMERS"), one of Canada's largest pension plans. Additional information can be found at www.adchas.com.
ADC & HAS AIRPORTS WORLDWIDE is majority owned by OMERS through OMERS Strategic Investments (“OSI”). As the pension plan’s strategic investment arm, OSI builds "first mover" operating and investment platforms. It develops long-term direct relationships and capital partnerships (co-invest and capital raise) globally to invest in new sectors and new markets, and to provide investment opportunities for the benefit of the core investment activities of the pension plan. Additional information can be found at www.omers.com.
Vice-President of Acquisitions
ADC & HAS Airports Worldwide
15600 JFK Blvd, Suite 110
Houston, TX 77032