Blackstone has acquired a 22% minority stake in AGS Airports for £235 million to support the growth of the UK travel industry.

Information on the Target

Blackstone has acquired a 22% minority stake in AGS Airports ("AGS") for £235 million from AviAlliance. AGS is a prominent airport platform operating three major airports in the UK: Glasgow and Aberdeen in Scotland and Southampton in England. Collectively, these airports manage over 11 million passengers annually, facilitating critical domestic and international travel connections.

AGS plays an essential role in the UK’s travel and tourism sectors, contributing approximately £2 billion to the UK economy each year and supporting over 30,000 jobs through a sophisticated supply chain. The investment from Blackstone, along with support from AviAlliance and PSP Investments, aims to bolster the growth potential of these airports and the overall tourism industry in the region.

Industry Overview in the UK

The UK aviation sector is a vital component of the country's economy, significantly impacting travel and tourism. The industry has shown resilience and adaptability in response to the c