Partners Group ‘set to bid for Glasgow airport’Posted: February 21, 2014
The Madrid-based conglomerate is reported to have lodged an £800 million takeover bid for Glasgow, Aberdeen and Southampton airports.
Reports today suggest that a consortium led by Partners Group, a Swiss-based private equity company, is bidding for the airport, in partnership with Strathclyde Pension Fund and Zurich airport.
Partners Group is a global private markets investment management firm with more than €30 billion in investment programmes under management in private equity, private debt, private real estate and private infrastructure.
Strathclyde Pension Fund has assets of £13.5 billion, making it the wealthiest council pension fund in the UK. The fund has around 200,000 members including present and former council staff and a number of private companies such as bus giant First.
The Herald’s sources say the consortium sees the airport as a good investment.
Sourced from Travel Weekly