Mergers & Acquisitions

Bid to Acquire 49% of Flughafen Hamburg GmbH

Morrison & Co formed the Airport Partner Hamburg consortium (APH) and was, through Infratil Airport Partners as consortium leader, responsible for APH’s participation in the partial privatisation of Hamburg Airport. The APH consortium consisted of Infratil Airport Partners and a number of Hamburg-based investors. Morrison & Co was in charge of:

• project management;
• co-ordination of due diligence;
• formulation of the business plan;
• business valuation;
• procurement of debt financing; and
• representing the consortium.

In addition, Morrison & Co carried responsibility for the managing the investment on successful acquisition.

The vendors selected APH as one of two preferred bidders (leaving behind Aeroports de Paris, BAA, Copenhagen Airport, Frankfurt Airport and IVG/Dorsch). Ultimately, however, a local construction company acquired the shareholding.