Advent International said Monday it has agreed to sell Aeropuertos Dominicanos Siglo XXI to Vinci Airports. Financial terms weren’t announced. Aerodom operates and manages six airports in the Dominican Republic. Vinci Airports is the airport operating subsidiary of Vinci SA.
MEXICO CITY, December 14, 2015 – Advent International, one of the largest and
most experienced global private equity investors, today announced that it has agreed
to sell Aeropuertos Dominicanos Siglo XXI (“Aerodom”), the leading airport group in
the Dominican Republic, to Vinci Airports, the airport operating subsidiary of Vinci SA
(EPA: DG). Terms of the transaction, which is expected to be completed in the first
quarter of 2016, were not disclosed.
“We are proud of what we have achieved at Aerodom in partnership with the
company’s management team,” said Luis Solórzano, a Managing Director in Advent’s
Mexico City office. “Together, we have improved operations and expanded both the
commercial and aeronautical sides of the business, resulting in significant revenue and
productivity growth. We believe Vinci Airports is the ideal partner for Aerodom as it
enters the next stage of its development and wish the company continued success
well into the future.”
“The acquisition of Aerodom by of one of the world’s leading airport operators
underscores the importance of our company in the Dominican Republic and will allow
us to operate at the highest international standards,” said Mónika Infante, CEO of
Aerodom. “We thank Advent for its continued support over the past seven years in
developing Aerodom into a world-class airport operator.”
Aerodom operates and manages six airports in the Dominican Republic, the most
visited tourist destination in the Caribbean with more than 5.1 million tourist arrivals in
- Its international airports include Las Américas–José Francisco Peña Gómez in
Santo Domingo, the second-largest airport by passenger traffic in the Dominican
Republic, Presidente Dr. Joaquín Balaguer in Santo Domingo Norte, Gregorio Luperón
in Puerto Plata, María Montez in Barahona and Presidente Juan Bosch in Samaná.
Aerodom also operates the Arroyo Barril domestic airport in Samaná. In total, the
airport system served 4.3 million passengers in 2014, representing a 4.4% growth in
traffic over the prior year.
Advent acquired Aerodom in September 2008 and has since worked with management
to improve and grow the business significantly. Among the initiatives, the company
formed a new route-development group to increase traffic to its airports and launched
an energy cost reduction program, which lowered energy consumption by approximately
20%. Aerodom also repaved and expanded the runway of Las Américas airport,
remodeled the Las Américas and Gregorio Luperón terminals and built 17 new hangars.
In 2014, Las Américas received the prestigious ACI Airport Service Quality award for
“Best Improvement” by an airport in Latin America and the Caribbean.
Advent’s Airport and Infrastructure Experience
The airport and infrastructure sector is a key area of focus for Advent in Latin America.
The firm has been investing in the sector for 19 years and has backed 16 companies
spanning a range of sub-sectors including airport and port concessions, travel retail,
and food and beverage. In addition to Aerodom, investments in airport and port
concessions have included Aeroplazas, the commercial developer of the Puerto
Vallarta and Guadalajara airports in Mexico; AMAIT, the operator of Toluca
International Airport in Mexico; Fumisa, the former operator of certain commercial
areas at Mexico City International Airport; and TCP, Brazil’s second-largest container
terminal. Advent’s travel retail investments have included Dufry, Brasif, Hudson News
and Aeroboutiques. Its food and beverage investments have included Aerocomidas,
Elior and International Meal Company, which merged four separate Advent portfolio
Advent in Latin America
Advent is one of the leading private equity investors in Latin America, having raised
more than $6 billion for investment in the region from institutional investors globally.
Since 1996, the firm has invested in over 50 Latin American companies and fully
realized its positions in 33 of those businesses. With 40 investment professionals
working from offices in Mexico City, Bogotá and São Paulo, Advent has the largest
dedicated private equity team in the region.
Aeropuertos Dominicanos Siglo XXI (Aerodom) is the concessionaire entitled by the
Dominican State to administer, operate and develop six airports in the Dominican
Republic. Aerodom is responsible for the construction, modernization, operation and
management of the following international airports: Las Américas–José Francisco
Peña Gómez in Santo Domingo, Presidente Dr. Joaquín Balaguer in Santo Domingo
Norte, Gregorio Luperón in Puerto Plata, María Montez in Barahona and Presidente
Juan Bosch in Samaná, in addition to the domestic airport Arroyo Barril, also in
Samaná. For more information, visit www.aerodom.com.
About Advent International
Founded in 1984, Advent International is one of the largest and most experienced
global private equity investors. The firm has invested in more than 300 private equity
transactions in 42 countries and, as of June 30, 2015, had $33 billion in assets under
management. With offices on four continents, Advent has established a globally
integrated team of over 170 investment professionals across North America, Europe,
Latin America and Asia. The firm focuses on investments in five core sectors, including
business and financial services; healthcare; industrial; retail, consumer and leisure;
and technology, media and telecom. After more than 30 years dedicated to
international investing, Advent remains committed to partnering with management
teams to deliver sustained revenue and earnings growth for its portfolio companies.
For more information, visit www.adventinternational.com.
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