Macquarie Infrastructure and Real Assets acquires Farnborough Airport

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Macquarie Infrastructure and Real Assets (MIRA), through the Macquarie European Infrastructure Fund 6 (MEIF6), has acquired Farnborough Airport from a consortium of private investors.

Farnborough Airport is the only dedicated business aviation airport in the United Kingdom. The airport, which handles more than 30,000 air traffic movements each year, has facilities designed to maximize travel efficiency, reliability and customer experience for passengers traveling to London and the South East. Farnborough Airport was the world’s first dedicated business aviation airport to receive carbon neutral status from Airports Council International, and its facilities and services have seen it named Europe’s best Fixed-Based Operator (FBO) facility since 2005.

Farnborough Airport is the birthplace of aviation in the UK. When opened in 1908, Farnborough Airport was the UK’s first airfield and the site of the country’s first powered flight. Internationally, the airport is known for being the site of one of the world’s premier events for the aviation industry – the Farnborough International Airshow.

MIRA is a leading global investor in airport infrastructure and FBO facilities, with approximately 72 million passengers using MIRA-managed airports each year. MIRA-managed funds are invested in 12 commercial airports across Europe and Australia, and 68 FBO facilities across the United States.

Shearman & Sterling LLP acted as external counsel to MIRA. J.P. Morgan Securities plc acted as financial advisers to the selling shareholders and Farnborough Airport and PricewaterhouseCoopers LLP also acted as financial advisers to the selling shareholders and Farnborough Airport. Cleary Gottlieb Steen & Hamilton LLP and Trowers & Hamlins LLP acted as external counsel to the selling shareholders and Farnborough Airport.

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