Ownership
Ownership
Gatwick Airport Limited (Gatwick) is the company licensed to operate Gatwick Airport by the Civil Aviation Authority. Gatwick is wholly-owned by Ivy Bidco Limited (Ivy), a company formed to undertake the acquisition of Gatwick. Ivy is ultimately controlled by funds managed by Global Infrastructure Management, LLC, part of Global Infrastructure Partners (GIP).
Following an equity syndication process, GIP retains a 42% controlling stake in Gatwick. The other shareholders are the Abu Dhabi Investment Authority (ADIA), National Pension Service of Korea (NPS), California Public Employees’ Retirement System (CalPERS) and the Future Fund of Australia.
GIP, a $5.64 billion independent investment fund, invests worldwide in infrastructure assets. It targets investments in air transport infrastructure, ports, freight rail, power and utilities, natural resources infrastructure, water distribution and treatment, and waste management.
GIP has offices in London, New York, Hong Kong and Sydney and an operations team in Stamford, Connecticut. GIP has a 75% ownership interest in London City Airport. Its other UK investments are Biffa Limited, a waste management company and Great Yarmouth Port Company.
GIP also has investments in other infrastructure businesses in the United States, India and Argentina. For more information on GIP visit www.global-infra.com
