 |
|
“Banks may think that they are taking lending risk but when the equity gets wiped out they are taking equity risk as well” |
When Irish entrepreneur Dermot Desmond decided to sell London City Airport in 2006 he was inundated with roughly 80 expressions of interest. He sold the airport to Global Infrastructure Partners and AIG for £750 million in a deal voted one of the most overpriced sponsor acquisitions of the year by a subsequent industry poll.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
