King & Spalding advises Blackstone Infrastructure on £235m Acquisition of Minority Stake in AGS Airports

King & Spalding represented Blackstone Infrastructure on its acquisition of a minority stake of 22% in AGS Airports (AGS), a platform of high-quality freehold airports providing access to key UK markets, from AviAlliance for £235m. Blackstone’s investment, together with AviAlliance and PSP Investments, is intended to support the continued growth of the travel and tourism industries across the United Kingdom. AviAlliance, one of the world’s leading airport investors and operators, will remain the majority shareholder in AGS with a 78% stake.

AGS handles over eleven million passengers annually and is the owner and operator of three critical UK airports: Glasgow and Aberdeen in Scotland and Southampton in England. More information on the deal can be found here.

The King & Spalding team advising Blackstone Infrastructure was led by London partners William Charnley and Marcus Young, supported by senior associate John Lim.