Weil is advising InfraBridge – a division of leading global alternative asset manager DigitalBridge – on its sale of a 51% shareholding in a newly formed holding company that will own 100% of Leeds Bradford Airport and 49% of Newcastle International Airport to Aena, the world’s number one airport operator by passenger numbers. InfraBridge will continue to manage a 49% shareholding in the newly formed holding company which owns 100% of Leeds Bradford Airport and 49% of Newcastle International Airport. The transaction values the stake at approximately £270 million. Both airports will continue to be operated and managed independently of each other. Leeds Bradford airport plays a critical role in supporting regional connectivity and economic development in Leeds, Bradford and across Yorkshire, and Newcastle airport serves as a gateway to the North East of England. This transaction highlights the strong performance and long-term potential of both airports.

The Weil team is led by Private Equity partner Brendan Moylan with support from associates Jamie MacDonagh, Arisa Manawapat, Alexander Long and Nicole Walker, and Tax partner Oliver Walker and associate Enda Kerin.