Airports
The Morrison & Co Airport Group was one of the world's first Airport investor operators. The team has taken part in over 40 privatisation and secondary sale processes.
Today, through its management of Infratil, Morrison & Co oversees four controlling stakes in airports. Morrison & Co also manages a minority stake in Auckland International Airport of approximately 7.1% on behalf of the New Zealand Superannuation Fund. The Airport Group boasts a strong track record of driving airport growth and developing powerful local brands while maintaining excellent relationships with stakeholders and the public sector.
Results
Wellington Airport
In 1998 Morrison & Co acted for Infratil in a competitive process and secured a 66% stake in Wellington International Airport. Immediately following the transaction, Morrison & Co was responsible for the transition from local government to private control. Under Infratil's onwership and Morrison & Co's management, Wellington Airport has delivered substantial improvements in capacity and financial performance. Morrison & Co maintains strong relationships with the airport's minority shareholder, the Wellington City Council. The airport serves approximately 4.7 million predominantly domestic passengers per year.
Find out more www.wellington-airport.co.nz
Glasgow Prestwick
In January 2001, Morrison & Co acted for Infratil in the acquisition of Glasgow Prestwick International Airport. Upon acquisition, Morrison & Co identified new management and established a business plan for future growth. The airport is approximately 35 minutes' drive from Glasgow and is served by a dedicated rail station. The airport serves just under 3 million passengers per year.
Find out more www.glasgowprestwick.com
Manston Airport Kent's International Airport
Morrison & Co acted for Infratil in the purchase of Manston Airport out of administration in 2005. Manston is located approximately 110km east of London and is well placed to capture freight and passenger traffic as capacity constraints are reached at London area airports.
Find out more www.manstonairport.com
European Airports
Morrison & Co has been an active investor in the European airport sector for over a decade, participating in a number of privatisation processes and secondary market transactions. Morrison & Co also manages significant investments in a number of listed European airports on behalf of institutional and retail clients.
Auckland International Airport
Morrison & Co acquired and manages 7% stake in Auckland International Airport on behalf of the New Zealand Superannuation Fund.
Find out more www.auckland-airport.co.nz
Team
Steven Fitzgerald - Executive Director Airports Group
Steven Fitzgerald is responsible for airport investment and joined Morrison & Co in August 2011 from his role as Wellington Airport CEO, having previously run Infratil’s European Airports. Steve joined Infratil in January 2005 from Sydney Airport. Steve is a Director of Wellington Airport and Chairman of Infratil Airports Europe.
Tim Brown - Capital Markets and Economic Regulation
Tim joined Morrison & Co in 1994 after 12 years at the National Bank of NZ including as head of capital markets. At Morrison & Co he has been involved in financing, capital market transaction and economic regulation. He is a director of Wellington Airport and NZ Bus.
Paul Newfield - Investment Director
Paul leads the Morrison & Co team responsible for analysing the attractiveness of infrastructure sectors, and assessing and executing private market transactions. He has played a central role in the development of new infrastructure investment mandates for Morrison & Co. Paul’s airport sector investment management experience includes both listed and unlisted assets in Australasia, Asia and Europe. Prior to joining Morrison & Co, Paul was a Principal at The Boston Consulting Group.
Matthias Seidenstuecker
Based in Germany, Matthias is focused on the identification and assessment of potential airport acquisitions. Matthias has worked for Morrison & Co since 1991 and prior to that he worked in corporate finance and infrastructure advisory roles for a global investment bank.
Phil Walker
Phil brings significant industry experience to Morrison & Co's airports group. He has been involved in over forty airport sales processes and is a director of Infratil Airports Europe. His previous experience includes six years as Executive Director, Brisbane International Airport and 20 years with Qantas.