Ancala Partners LLP, the infrastructure investment manager, announced on Tuesday it completed the acquisition of a 45% interest in Liverpool John Lennon Airport (LJLA) for an undisclosed sum on behalf of its funds.
Ancala has bought 35% of the airport from Peel Group and 10% from Liverpool City Council (LCC).
Peel and LCC retain 45% and 10% interests respectively.
Liverpool John Lennon is the UK’s 12th busiest airport, serving over five million passengers in 2018.
Spence Clunie, Senior Partner, Ancala, said: “Transport infrastructure is a highly promising segment of the market, so we are delighted to be acquiring a stake on behalf of our investors in such a prestigious regional airport.
“LJLA has already seen substantial growth in recent years and we see strong prospects for this continuing.
“We look forward to growing our partnership with the Peel Group, with whom we have a strong track record of creating value in infrastructure assets.
“Our aim is to work with Peel to make LJLA the first choice for passengers across the region, delivering new routes and services.”
Peel Group CEO Steven Underwood said: “The successful track record we share with Ancala was a key factor in selecting them as our partner for LJLA.
“By building on the airport’s already exceptional operational standards and passenger experience, we aim to be best in class in all respects and to deliver increased value for all our stakeholders.”