Exclusive Financial Advisor to the Airports Company South Africa (ACSA) for the sale of their stake in Mumbai International Airport Limited (MIAL) to Adani Airport Holdings Limited (AAHL)

Deal Highlights

We acted as sole and exclusive transaction advisor to ACSA on sale of its stake in MIAL to AAHL for a consideration of INR 6,750mn along with transfer of Airport operator rights to MIAL
Successful and profitable exit for ACSA generating significant liquidity despite facing multiple unexpected challenges post signing Share Purchase Agreement in March 2019
ACSA has made excellent returns on their investment, setting a precedent and paving the way for more foreign investors to be a part of India’s infrastructure growth story
AAHL has also acquired stake from other shareholders and will hold 74% stake in MIAL- it will catapult Adani Group to become the second largest airport operator in India*

Our Contribution

We uniquely positioned itself on the sell-side for ACSA, the leading South African airport operator, and seamlessly managed the entire transaction process from India
End-to-end project management including coordination with multiples bidders, legal advisors, senior counsels, solicitors, valuation advisors and commercial bankers to ensure timely completion
We played the crucial role of hand-holding the client through the myriad challenges faced during the transaction including multiple litigations delaying the process

This is our 5th transaction in the aviation sector including sale of stake in Bangalore airport; sale of stake in Spicejet, open offer for Air Deccan along with work done for leading global ground handling operators and MROs

* In terms of passenger traffic handled