US Firm Carlyle to Acquire Southend Airport Post Debt Settlement

Wednesday, 6 March 2024, 08:16
In a significant development, Carlyle Group takes over Southend airport after a debt agreement worth £194m. This strategic move marks the latest foreign acquisition of a UK company, with Esken announcing a resolution for London Southend airport's debt owed to Carlyle Global Infrastructure Fund. The acquisition showcases the growing trend of international involvement in the UK aviation sector.
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US Firm Carlyle to Acquire Southend Airport Post Debt Settlement

US firm Carlyle to take control of Southend airport after debt deal

Essex-based hub to pass into hands of private-equity firm after agreement on £194m debt.

Key Points:

  • Carlyle Group acquires control of Southend airport in a major debt settlement.
  • Esken, formerly Stobart Group, reaches an agreement on the £193.75m debt owed to Carlyle Global Infrastructure Fund.
  • The takeover signifies a trend of foreign companies acquiring UK-based firms, spotlighting international interest in the aviation industry.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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