Essex-based hub to pass into hands of private-equity firm after agreement on £194m debt
Southend airport is to pass into the control of the US private-equity group Carlyle after an agreement to settle a debt, in the latest takeover of a UK firm by a foreign company.
The London-listed aviation group Esken, formerly Stobart Group, said it had reached a deal over the £193.75m debt that its subsidiary London Southend airport owed to Carlyle Global Infrastructure Fund (CGI).
Continue reading…Essex-based hub to pass into hands of private-equity firm after agreement on £194m debtSouthend airport is to pass into the control of the US private-equity group Carlyle after an agreement to settle a debt, in the latest takeover of a UK firm by a foreign company.The London-listed aviation group Esken, formerly Stobart Group, said it had reached a deal over the £193.75m debt that its subsidiary London Southend airport owed to Carlyle Global Infrastructure Fund (CGI). Continue reading…