Southend Airport to be taken over by private equity firm Carlyle
London Southend Airport is set to be taken over by a private equity firm from the United States. The owner of the facility, Esken, said it started a process to sell its aviation business in June 2023. US private equity giant Carlyle confirmed it would take an 82.5% stake in the airport earlier, while Esken would keep 17.5%. Esken said it agreed to the proposal to settle its £193.75m ($246,499m) debt to Carlyle Global Infrastructure Fund. "The company has agreed to accede to that recapitalisation proposal in relation to LSA," it said to shareholders on Wednesday. "This will therefore proceed on a consensual basis, rather than through a contested court process, which could be potentially destructive for all stakeholders."<br/>
https://portal.staralliance.com/cms/news/hot-topics/2024-03-07/general/southend-airport-to-be-taken-over-by-private-equity-firm-carlyle
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Southend Airport to be taken over by private equity firm Carlyle
London Southend Airport is set to be taken over by a private equity firm from the United States. The owner of the facility, Esken, said it started a process to sell its aviation business in June 2023. US private equity giant Carlyle confirmed it would take an 82.5% stake in the airport earlier, while Esken would keep 17.5%. Esken said it agreed to the proposal to settle its £193.75m ($246,499m) debt to Carlyle Global Infrastructure Fund. "The company has agreed to accede to that recapitalisation proposal in relation to LSA," it said to shareholders on Wednesday. "This will therefore proceed on a consensual basis, rather than through a contested court process, which could be potentially destructive for all stakeholders."<br/>
