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NEWS Last modified on November 7, 2011

Carlyle Group leads bidding for Edinburgh Airport

Carlyle Group, a US private equity group, is in the process of putting together a consortium which will bid for Edinburgh Airport, it has been confirmed.

Carlyle Group, a US private equity group, is in the process of putting together a consortium which will bid for Edinburgh Airport, it has been confirmed.
 

A spokesman for the consortium has confirmed reports that Sir Angus Grossart, a veteran Edinburgh investment banker, is advising the Carlyle Group on the bid and is looking for other Scottish financial institutions to join the consortium.
 

However, at this early stage the spokesman was unable to reveal any further names of which businesses could potentially join the consortium.
 

Airport operator BAA announced its decision to sell Edinburgh Airport in October, following the Competition Commission’s ruling that it must sell one of its Scottish gateways.
 

Last month BAA said it was starting preparations for a sale and expected to formally approach the market in the New Year with a view to agreeing a sale by Summer 2012.
 

At the time a spokesperson for BAA said that the decision had been "extremely difficult" but that Edinburgh was the "stronger, more resilient asset" which would be more attractive to potential buyers.
 

Meanwhile, according to reports in the Financial Times this morning, another Edinburgh investment banker, Ben Thomson, chairman of Inverleith Capital is also looking at putting together a bid with Richard Jeffrey, the former managing director of Edinburgh Airport.
 

Thomson was unavailable for comment at the time of writing.

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