Blackstone Infrastructure Takes Minority Stake in UK Airport Group

What's Happening

Blackstone's infrastructure arm is acquiring a 22% minority stake in AGS Airports from AviAlliance for £235 million in a deal announced today, with the majority shareholder AviAlliance retaining 78% ownership of the UK airport platform.

The Key Moves

• Blackstone's infrastructure strategy for individual investors is investing £235 million to acquire a 22% stake in AGS Airports

• AviAlliance will remain the majority shareholder with a 78% stake

• The investment aims to support growth in UK travel and tourism industries

Key Players

• Greg Blank, Chief Executive Officer of Blackstone Infrastructure Strategies

• Sandiren Curthan, Managing Director and Global Head of Infrastructure Investments, PSP Investments

• Gerhard Schroeder, Managing Director of AviAlliance

By The Numbers

• £235 million investment for a 22% stake in AGS Airports

• AGS handles over 11 million passengers annually

• AGS owns and operates three UK airports: Glasgow and Aberdeen in Scotland, Southampton in England

Key Quotes

• "Transportation remains a key thematic focus area for Blackstone, given continued strong global growth in leisure travel." – Greg Blank, CEO of Blackstone Infrastructure Strategies

• "We are pleased to bring Blackstone as a minority shareholder in AGS. Both PSP and Blackstone are like-minded investors with long-term patient capital." – Sandiren Curthan, PSP Investments

• "Together, we will further strengthen the position of AGS in both Scotland and the wider United Kingdom." – Gerhard Schroeder, AviAlliance

The Wrap

The deal strengthens Blackstone's already substantial global transportation infrastructure portfolio, which includes major investments in toll roads and airport management across Europe, while supporting growth at three strategic UK airports that serve as critical regional transportation hubs.