Bridgepoint Buys Leeds Airport

Bridgepoint has acquired Leeds Bradford International Airport (LBIA) for Gbp145.5 million. It is Bridgepoint's second airport deal, having become the largest single investor in Birmingham International Airport ten years ago, and later selling its stake in 2001. Leveraged financing for the LBIA transaction was provided by Royal Bank of Scotland, while the sale process was managed by Ernst & Young.