Ardian and PIF will acquire 22.6 per cent and 15 per cent, respectively, of FGP Topco for a total of $4.12bn
The new fund attracted 188 investors from Europe, the Americas, the Middle East and Asia
Under the new agreement that also involves other sellers, Ardian and PIF will acquire 22.6 per cent and 15 per cent respectively of FGP Topco, which is the parent company of Heathrow Airport Holdings
Heathrow’s sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis
The company, with $25bn of assets and $8bn of capital in the region, will start with 10 employees in Abu Dhabi and may look to hire more