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U.S.-based Nigerian leads others in $1.3b acquisition of Edinburgh Airport

A NEW York-based Nigerian, Bayo Ogunlesi,  has led his fund management company, Global Infrastructure Partners (GIP) in acquiring Edinburgh Airport from the British Airports Limited, (BAA) for £807 million ($1.3billion).
The sale complied with a…

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A NEW York-based Nigerian, Bayo Ogunlesi,  has led his fund management company, Global Infrastructure Partners (GIP) in acquiring Edinburgh Airport from the British Airports Limited, (BAA) for £807 million ($1.3billion).

The sale complied with an order by the Competition Commission, the United Kingdom’s antitrust watchdog, asking that BAA should dispose of either Edinburgh or Glasgow airport. Ogunlesi’s GIP saw off stiff opposition from a consortium led by JP Morgan Asset Management’s infrastructure fund in landing the deal.

In a statement released on Monday, Ogunlesi, the Chairman and Managing Partner of the $5.64 billion fund managers said: “Edinburgh Airport is a high quality infrastructure asset. Its acquisition is a landmark deal for GIP and represents the first investment by GIP II.”

Ogunlesi, whose fund management company also has a 75 per cent interest in London City Airport (acquired in 2006) and another 42 per cent controlling stake in Gatwick Airport (acquired in 2009), continued: “We see significant opportunity to apply our tested and successful operational expertise and our knowledge of the global airports sector to develop and enhance the performance of Edinburgh Airport in years to come.”

Although City analysts had expected the asking price for the airport to be in the region of £500 million, Royal Bank of Scotland (RBS), which served as financial adviser to GIP for this deal, would almost certainly have suggested that the fund management firm raise the stake to the £807.2 million which it would eventually part with.

With the bar raised so high, other bidders could not match the purse.  And this might have been the reason why it not only saw off JP Morgan, which led a consortium that included United States teachers pension fund, TIAA–Cref.

Although TIAA-Cref pulled out from the deal earlier this month,  JP Morgan and other competitors like buyout groups 3i and Carlyle hung in there, but could not respond to the $800 million that Ogunlesi’s company put on the table.

With its experience, GIP is expected to improve among others, the efficiency of the airport, particularly the amount of time passengers spend in check–in and the security and baggage handling of the Scottish based airport.  Edinburgh, Scotland’s largest airport, handles  more than nine million passengers a year and 100,000 flights.

Prior to becoming Chairman of GIP, Ogunlesi was Executive Vice Chairman and Chief Client Officer of Credit Suisse’s Investment Banking Division with senior responsibility for Credit Suisse’s corporate and sovereign investment banking clients.

Between 2002 and 2004, he was Head of Credit Suisse’s Global Investment Banking Department, responsible for worldwide capital markets ( debt and equity), mergers and acquisitions, corporate finance and advisory, industry, country and regional banking businesses.

Before his journey into the world of investment banking, Ogunlesi   started from ground zero and once served Thurgood Marshall, the Honourable Associate Justice of the United States Supreme Court as Law Clerk between 1980 and 1981 . He then worked his way to become an attorney with the New York law firm of Cravath , Swaine  & Moore. He also held other posts before his appointment as the Chairman of GIP.

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“My wife is pregnant, I just wanted to see her” – Man cries uncontrollably after his car was vandalized by hoodlums who attacked #Endsars protesters (Video)

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“My wife is pregnant, I just wanted to see her” – Man cries uncontrollably after his car was vandalized by hoodlums who attacked #Endsars protesters (Video)

A Nigerian man has broken down in tears after his car was vandalized by hoodlums who attacked #endsars protesters in Abuja.

READ: #BBNaija 2018: Lolu suffers uncontrollable Erection while on bed with Anto (Video)

In a video going viral on social media, the heartbroken man was seen crying uncontrollably, while narrating the incident.

He mentioned that his wife is currently pregnant and he was on his way to see her when the hoodlums attacked, smashed and vandalized his car.

READ: Heartbreaking video of Jimoh Isaiq’s father weeping uncontrollably after his son was killed at an #EndSARS protest in Ogbomoso(Opens in a new browser tab)

“I’m so pained mehn! I didn’t deserve this. I didn’t do shit to these guys. Just to find a gridlock here, I’m just going to see my wife. My wife is pregnant, I just wanted to go and see her”, he lamented.

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We can’t Afford to lose the Essence Life’s due to SARS and Police Brutality in Nigerian NO MORE HIDING PLACE for the Nigeria Police & SARS

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Gabaghi Sunday Agbede also known as Donblaqwifi is an Afro-beat/pop upcoming artiste song writer and music producer based in the United start of America.
Donblaqwifi as he’s famously called didn’t just jump into music. Before music, Donblaqwifi graduated with an Accounting degree from Northeastern university in the United state of America.
“I just want to say big thanks to Folarin Falana famously known as “Falz” and Douglas jack Agu famously known as “Runtown” for leading the protest supporting #Endsars and #policeBrutality in Nigeria.
“Also big thanks to every single individual that came out for the protest. Enough is Enough is time for our voices to be heard in Nigeria.
Regardless of whatever that is happening in Nigeria including the Government and president the only people that can make Nigeria a better country is the Youth. The change we are looking is in our hands . It’s time for Nigerian Youths to come together as one and fight for the change.
The only way we can fight bad Government and bad president is peaceful protest. Nigerian is the richest Country in Africa still we are suffering, No electricity, the rich are getting richer and the poor are getting poorer. Police, SARS are Harassing innocent citizens.
Enough is Enough. We the Nigerian youth need to come together and fight for change.
United we stand”
#EndSARS and #EndPoliceBrutality
IG: iamdonblaqwifi
YouTube:Donblaqwifi

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Minister Of Labour, Festus Keyamo Backs #EndSARSProtest

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My Driver Was Killed During #EndSARS Protest In Abuja: Keyamo
Festus Keyamo

Festus Keyamo

Minister of State, Labour and Employment, Festus Keyamo has expressed support for the protest against operatives of the Special Anti-Robbery Squad (SARS) unit of the Nigeria Police Force.

Keyamo said aggrieved Nigerians must be allowed to embark on a peaceful protest over issues they feel aggrieved over.

In a tweet, the minister insisted that peaceful protest was a democratic culture.

Also Read: BREAKING: #EndSARS Protest Turns Violent In Osun

In the last few days, cities across the country have witnessed protests against the illegal activities of the SARS unit which has resulted in harassment, extortion, and maiming of citizens.

Reacting to the ongoing protests, Keyamo wrote on his twitter page:

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U.S.-based Nigerian leads others in $1.3b acquisition of Edinburgh Airport

A NEW York-based Nigerian, Bayo Ogunlesi,  has led his fund management company, Global Infrastructure Partners (GIP) in acquiring Edinburgh Airport from the British Airports Limited, (BAA) for £807 million ($1.3billion).
The sale complied with a…

Published

on

Why You Should Buy YouTube Views Cheap

A NEW York-based Nigerian, Bayo Ogunlesi,  has led his fund management company, Global Infrastructure Partners (GIP) in acquiring Edinburgh Airport from the British Airports Limited, (BAA) for £807 million ($1.3billion).

The sale complied with an order by the Competition Commission, the United Kingdom’s antitrust watchdog, asking that BAA should dispose of either Edinburgh or Glasgow airport. Ogunlesi’s GIP saw off stiff opposition from a consortium led by JP Morgan Asset Management’s infrastructure fund in landing the deal.

In a statement released on Monday, Ogunlesi, the Chairman and Managing Partner of the $5.64 billion fund managers said: “Edinburgh Airport is a high quality infrastructure asset. Its acquisition is a landmark deal for GIP and represents the first investment by GIP II.”

Ogunlesi, whose fund management company also has a 75 per cent interest in London City Airport (acquired in 2006) and another 42 per cent controlling stake in Gatwick Airport (acquired in 2009), continued: “We see significant opportunity to apply our tested and successful operational expertise and our knowledge of the global airports sector to develop and enhance the performance of Edinburgh Airport in years to come.”

Although City analysts had expected the asking price for the airport to be in the region of £500 million, Royal Bank of Scotland (RBS), which served as financial adviser to GIP for this deal, would almost certainly have suggested that the fund management firm raise the stake to the £807.2 million which it would eventually part with.

With the bar raised so high, other bidders could not match the purse.  And this might have been the reason why it not only saw off JP Morgan, which led a consortium that included United States teachers pension fund, TIAA–Cref.

Although TIAA-Cref pulled out from the deal earlier this month,  JP Morgan and other competitors like buyout groups 3i and Carlyle hung in there, but could not respond to the $800 million that Ogunlesi’s company put on the table.

With its experience, GIP is expected to improve among others, the efficiency of the airport, particularly the amount of time passengers spend in check–in and the security and baggage handling of the Scottish based airport.  Edinburgh, Scotland’s largest airport, handles  more than nine million passengers a year and 100,000 flights.

Prior to becoming Chairman of GIP, Ogunlesi was Executive Vice Chairman and Chief Client Officer of Credit Suisse’s Investment Banking Division with senior responsibility for Credit Suisse’s corporate and sovereign investment banking clients.

Between 2002 and 2004, he was Head of Credit Suisse’s Global Investment Banking Department, responsible for worldwide capital markets ( debt and equity), mergers and acquisitions, corporate finance and advisory, industry, country and regional banking businesses.

Before his journey into the world of investment banking, Ogunlesi   started from ground zero and once served Thurgood Marshall, the Honourable Associate Justice of the United States Supreme Court as Law Clerk between 1980 and 1981 . He then worked his way to become an attorney with the New York law firm of Cravath , Swaine  & Moore. He also held other posts before his appointment as the Chairman of GIP.

News Feed

“My wife is pregnant, I just wanted to see her” – Man cries uncontrollably after his car was vandalized by hoodlums who attacked #Endsars protesters (Video)

Published

on

“My wife is pregnant, I just wanted to see her” – Man cries uncontrollably after his car was vandalized by hoodlums who attacked #Endsars protesters (Video)

A Nigerian man has broken down in tears after his car was vandalized by hoodlums who attacked #endsars protesters in Abuja.

READ: #BBNaija 2018: Lolu suffers uncontrollable Erection while on bed with Anto (Video)

In a video going viral on social media, the heartbroken man was seen crying uncontrollably, while narrating the incident.

He mentioned that his wife is currently pregnant and he was on his way to see her when the hoodlums attacked, smashed and vandalized his car.

READ: Heartbreaking video of Jimoh Isaiq’s father weeping uncontrollably after his son was killed at an #EndSARS protest in Ogbomoso(Opens in a new browser tab)

“I’m so pained mehn! I didn’t deserve this. I didn’t do shit to these guys. Just to find a gridlock here, I’m just going to see my wife. My wife is pregnant, I just wanted to go and see her”, he lamented.

Continue Reading

Uncategorized

We can’t Afford to lose the Essence Life’s due to SARS and Police Brutality in Nigerian NO MORE HIDING PLACE for the Nigeria Police & SARS

Published

on

Gabaghi Sunday Agbede also known as Donblaqwifi is an Afro-beat/pop upcoming artiste song writer and music producer based in the United start of America.
Donblaqwifi as he’s famously called didn’t just jump into music. Before music, Donblaqwifi graduated with an Accounting degree from Northeastern university in the United state of America.
“I just want to say big thanks to Folarin Falana famously known as “Falz” and Douglas jack Agu famously known as “Runtown” for leading the protest supporting #Endsars and #policeBrutality in Nigeria.
“Also big thanks to every single individual that came out for the protest. Enough is Enough is time for our voices to be heard in Nigeria.
Regardless of whatever that is happening in Nigeria including the Government and president the only people that can make Nigeria a better country is the Youth. The change we are looking is in our hands . It’s time for Nigerian Youths to come together as one and fight for the change.
The only way we can fight bad Government and bad president is peaceful protest. Nigerian is the richest Country in Africa still we are suffering, No electricity, the rich are getting richer and the poor are getting poorer. Police, SARS are Harassing innocent citizens.
Enough is Enough. We the Nigerian youth need to come together and fight for change.
United we stand”
#EndSARS and #EndPoliceBrutality
IG: iamdonblaqwifi
YouTube:Donblaqwifi

Continue Reading

Uncategorized

Minister Of Labour, Festus Keyamo Backs #EndSARSProtest

Published

on

My Driver Was Killed During #EndSARS Protest In Abuja: Keyamo

Festus Keyamo

Festus Keyamo

Minister of State, Labour and Employment, Festus Keyamo has expressed support for the protest against operatives of the Special Anti-Robbery Squad (SARS) unit of the Nigeria Police Force.

Keyamo said aggrieved Nigerians must be allowed to embark on a peaceful protest over issues they feel aggrieved over.

In a tweet, the minister insisted that peaceful protest was a democratic culture.

Also Read: BREAKING: #EndSARS Protest Turns Violent In Osun

In the last few days, cities across the country have witnessed protests against the illegal activities of the SARS unit which has resulted in harassment, extortion, and maiming of citizens.

Reacting to the ongoing protests, Keyamo wrote on his twitter page:

Continue Reading

Trending