Sunday, December 18, 2011

Edinburgh Airport: Carlyle's Next Infrastructure Deal?

The Edinburgh Airport, Scotland's largest, is up for bid in January 2012.  The Carlyle Group formed a bidding consortium, according to FT:

BAA is hoping to fetch at least £500m for the airport, which made £44m of earnings before interest, tax, depreciation and amortisation in the past year. 
How far will the £44m fall after Carlyle management fees, added interest expense and amortization of goodwill?

Update 3-9-12:  Carlyle pulled out of bidding, according to sources.