Preqin’s Infrastructure Online database shows that, in the period from May 2005 to May 2010, there have been 19 deals in which unlisted infrastructure funds have invested in airports or airport-related companies. The greatest number occurred in 2008 when there were nine such deals. However, deals in the sector reached their lowest of the five-year period in 2009 and 2010 YTD with only one in each year. Therefore, this evidence suggests that deals in the airport industry have followed the more general trend of decreasing deal activity during the financial crisis.
Europe has been by far the most popular location for investment over the five years, with 13 of the 19 deals involving European airports or airport-related companies, eight of which were in the UK. In the remaining deals, four of the assets were located in Australasia, one in North America and one in Asia.
Of unlisted primary funds with vintages between 2005 and 2010, 42 include airports in their investment remit. Of these funds 36 are actively investing.
For more information on infrastructure deals and fund managers, please visit Preqin’s Infrastructure Online service click here