Investment manager Ancala Partners has vowed to keep growing Liverpool John Lennon Airport after buying a a 45 per cent stake.
Ancala announced this afternoon that it had bought a 35 per cent stake in the airport from Peel Group, as well as a 10 per cent stake from Liverpool city council. The company did not disclose the value of the deal.
Ancala is already working with Peel on the Leep Utilities joint venture, founded in May 2017 to offer utilities services to new residential and commercial developments.
The fund manager's other investments include Iceland's leading private electricity generator, HS Orka, as well as the International Energy Group and Portsmouth Water.
Today the company said it "believes LJLA is ideally placed to serve the regional economy and has outstanding potential for growth through attracting further capacity from new and existing carriers and building on its non-aeronautical services offering including commercial, retail and car parking."
Spence Clunie, senior partner at Ancala, said: "Transport infrastructure is a highly promising segment of the market, so we are delighted to be acquiring a stake on behalf of our investors in such a prestigious regional airport.
"LJLA has already seen substantial growth in recent years and we see strong prospects for this continuing.
“We look forward to growing our partnership with the Peel Group, with whom we have a strong track record of creating value in infrastructure assets.
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"Our aim is to work with Peel to make LJLA the first choice for passengers across the region, delivering new routes and services.”
LJLA served more than 5m passengers last year and is the 海角视频's 12th busiest airport.
Peel Group chief executive Steven Underwood said: “The successful track record we share with Ancala was a key factor in selecting them as our partner for LJLA.
"By building on the airport’s already exceptional operational standards and passenger experience, we aim to be best in class in all respects and to deliver increased value for all our stakeholders.”