KUALA LUMPUR, Feb 7 (Bernama) – Corsair Infrastructure Partners (CIP), the global infrastructure investment business of Corsair Capital (Corsair), has announced that a new fund established and managed by CIP has closed on the full acquisition of Vantage Airport Group (Vantage) from Gateway Infrastructure Investments (Gateway), another CIP-managed fund.
Vantage is a privately-held airport developer, manager and investor with a history at more than 30 airports.
Corsair, in a statement today said, the new fund is a perpetual partnership with no fixed duration, capitalised by high-quality, long-term institutional investors.
The transaction provides Vantage with a strong and stable ownership structure, as well as access to capital to pursue a full pipeline of opportunities in developing, managing and investing in airports and related infrastructure worldwide.
The acquisition also creates an attractive realisation event for Gateway, which has owned Vantage since 2008.
Corsair managing director, CIP head and Vantage lead director, Hari R. Rajan, said: “The new fund will provide Vantage with superior long-term shareholder alignment and will give our investors a platform to deploy significant additional capital to support Vantage projects.”
“We look forward to our continuing partnership with the talented team at Vantage as it plays a market-leading role in the transformation of the airport sector in the United States and beyond,” he added.
Meanwhile, Vantage chairman and chief executive officer , George H. Casey, said: “This new fund structure will give us the flexibility and firepower to pursue any new business opportunities that meet our strategic growth plans.”
For details, visit www.corsair-infrastructure.com
-- BERNAMA
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