Transaction Support covers a range of different disciplines but essentially comprises the provision of advice and support in relation to airport acquisition and disposal.

The principal activities include:-

For acquisition:-

• Identifying strategic acquisition opportunities
• Strategic evaluation of opportunities
• Technical, regulatory and commercial due diligence
• Business planning/valuation
• Acquisition deal support

For disposal:-

• Identifying strategic sales objectives
• Business planning/valuation
• Compilation of sales documentation
• Targeted marketing of opportunity
• Bidder evaluation
• Due diligence coordination
• Disposal deal support

MPD can undertake individual elements of work associated with one or more of these activities, or can undertake all of the activities as part of a comprehensive mandate for acquisition or sale, depending on client specific requirements.

Experience in Transaction Support
MPD Directors have a wide range experience in airport transactions having been directly involved in the acquisition of Glasgow Prestwick, Norwich and Maastricht Aachen airports as well as the acquisition of Stewart International Airport in New York, which was the first airport to be privatised under the FAA’s ‘Pilot Programme’ for airport privatisation.

India
MPD supported one of the bidding consortia for the privatisation of Mumbai and Delhi airports on airport business planning matters.

MPD advised the shareholders of the new green-field Private Public Partnership (PPP) airport for Bangalore on an operations and management services agreement with Unique Zurich airport.  MPD had previously advised the Governments of India and Karnataka on the selection of the consortium to be appointed.

Birmingham
MPD advised one of the bidders for a shareholding on the Business plan modelling and on regulatory aspects and aeronautical fees.

BAA plc
MPD advised a potential purchaser of a shareholding on regulatory and certain operational matters

Malta
MPD was appointed the specialist airport advisor to the Government of Malta for the sale of Malta International Airport. MPD was responsible for all technical content of the sales documentation, all business strategy aspects and the technical content of the bids.

Zambia
MPD was appointed specialist airport advisor and member of the consortium mandated to private sector participation at the airports of the Zambian National Airports Corporation.

Bristol
MPD advised the principal lender, Abbey National, supporting the successful £240mn bid by the Macquarie Bank and CINTRA.  MPD critically reviewed the equity partners’ Business Plan and was periodically retained to examine the airport’s business plan, most recently by the Royal Bank of Scotland.

Glasgow Prestwick
MPD was the specialist airport advisor and technical due diligence/air traffic forecasting advisor to the Omniport/Infratil consortium in the successful acquisition of Glasgow Prestwick International Airport.

Athens
MPD reviewed the Business Plan for the new airport (a major BOT project) produced by external consultants and carried out a management audit. MPD acted on behalf of the commercial lenders, led by Bayerische HypoVereinsbank, and the EIB.