Macquarie Infrastructure Holdings (MIC) has announced the closing of the acquisition of its Atlantic Aviation business to KKR. The transaction is valued at US$4.475 billion, including assumed debt of approximately US$1.0 billion.

MIC had entered into the agreement to sell Atlantic Aviation on June 7, 2021. At a meeting of the company's board of directors following the closing, the board authorized distribution of US$37.386817 per unit payable October 7, 2021, to holders of record on October 4, 2021. The distribution represents all of the net proceeds from the sale of Atlantic Aviation.

KKR acquired Atlantic Aviation primarily through its Global Infrastructure Investors and Core Investments strategies.