Corsair Infrastructure Partners’ Acquisition Of Vantage Airport Group From Gateway Infrastructure Investments


Simpson Thacher represented CIP in the formation and capitalization of the Fund. Corsair-Vantage Investment Partners (“Fund”), an investment fund formed and managed by Corsair Infrastructure Partners (“CIP”), acquired 100% of Vantage Airport Group (“Vantage”) from Gateway Infrastructure Investments, another CIP-managed fund.

CIP is the global infrastructure investment business of Corsair Capital (“Corsair”). The Fund is a perpetual partnership that was capitalized by a group of international institutional investors.

Vantage is an airport developer, manager, and investor with a history at more than 30 airports around the world. Its current network comprises 10 airports, ranging from small destinations to large capital cities in Canada, the U.S., Jamaica, The Bahamas and Cyprus. Vantage’s portfolio includes two major projects in New York: the redevelopment and management of Terminal B at LaGuardia Airport, and its partnership with Jet Blue Airways in the planned redevelopment and management of Terminals 6 and 7 at JFK International Airport. Vantage was founded in 1994 as a subsidiary of Vancouver Airport Authority and is today wholly-owned by the Fund. Vantage has offices in Vancouver, New York, Chicago, and Denver.

The Simpson Thacher team includes Barrie Covit (Picture), David Wagner and Jiarui Li (Funds); and John Creed and Bill Smolinksi (Tax).

Involved fees earner: Barrie Covit – Simpson Thacher & Bartlett; John Creed – Simpson Thacher & Bartlett; Jiarui Li – Simpson Thacher & Bartlett; William Smolinski – Simpson Thacher & Bartlett; David Wagner – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Corsair Infrastructure Partners;

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Author: Ambrogio Visconti