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 invests in worldwide infrastructure assets and has over $15 billion of assets under management. It targets investments in air transport infrastructure, ports, freight rail, power and utilities, natural resources infrastructure, water distribution and treatment, and waste management.
The company has offices in London, New York and Hong Kong and an affiliate office in Sydney. The GIP portfolio company operations centre is in Stamford, Connecticut. It has a 75% ownership interest in London City Airport and its other other UK investments are Edinburgh Airport, a waste management company and Great Yarmouth Port Company.
GIP also has investments in Europe, Australia, India and Argentina. For more information visit www.global-infra.com