Toronto, April 24, 2018 - OMERS Infrastructure, the infrastructure investment manager of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada, today announced that it has entered into a definitive agreement to sell its interests in Airports Worldwide (“AWW”) to Vinci Airports.
Active on two continents, AWW is a portfolio of airport assets and management contracts located in the United States, Costa Rica, Northern Ireland and Sweden.
“OMERS has worked closely with the management teams across the group to grow the portfolio, optimize performance and build strong relationships with airline partners and other stakeholders. We are grateful to AWW management for their efforts and wish them continued success.” added Juan Camargo, Director, OMERS Infrastructure.
The transaction is expected to close later this year. Further financial information will not be disclosed.
O’Melveny served as OMERS legal advisor; Citi served as OMERS financial advisor.
About Airports Worldwide
The AWW portfolio comprises operations at 12 airports located in the United States, Costa Rica, Northern Ireland and Sweden. AWW interests include long-term management contracts or concession agreements at the Orlando-Sanford International Airport in Florida, and Costa Rica's two main airports, Juan Santamaria International Airport (San José) and Daniel Oduber Quiros International Airport (Liberia). AWW also owns as freehold airports Belfast International Airport in Northern Ireland, and the majority interest in Stockholm Skavsta Airport.
In addition, AWW provides services under management contracts at seven US airports, including Hollywood Burbank Airport and Ontario International Airport (California), Atlantic City International Airport (New Jersey), Raleigh Durham International Airport (North Carolina), Macon Airport and Middle Georgia Regional Airport (Georgia) and the International Terminal, including Concourses E and F, at the Hartsfield Jackson Atlanta International Airport (Georgia).
OMERS Private Markets (OMERS Infrastructure and OMERS Private Equity) invests globally in infrastructure and private equity assets on behalf of OMERS, the defined benefit pension plan for Ontario’s municipal employees. Investments are aimed at steady returns to help deliver strong and sustainable pensions to OMERS members. OMERS Private Markets’ diversified portfolio of large-scale infrastructure assets exhibits stability and strong cash flows, in sectors including energy, transportation and government-regulated services. OMERS has employees in Toronto and other major cities across North America, the U.K., Europe, Asia and Australia. OMERS is one of Canada's largest defined benefit pension funds with net assets of more than C$95 billion. Visit www.omersprivatemarkets.com for more information.
Neil Hrab, Manager, External Communications and Media Relations
November 14, 2019
OMERS Infrastructure Announces Sale of Hospital and Long-Term Care Facility Portfolio to Plenary Gro
June 11, 2019
OMERS BETEILIGT SICH AN DER VTG AG
OMERS BECOMES SHAREHOLDER IN VTG AG
April 05, 2019
OMERS Announces Signing of Agreement for Acquisition of Stake in 407 International Inc.
March 27, 2019
OMERS Announces Closing of First Infrastructure Transaction in France