Nigerian Businessman Buying London’s Second Largest Airport

Adebayo Ogunlesi, Nigerian lawyer/businessman, is buying London’s 2nd largest & busiest airport (after Heathrow) Gatwick Airport.

Ogunlesi, an Oxford, Harvard Law and Harvard Business School graduate & former Credit Suisse executive, has made history several times in his academic and professional lives. He was one of the 1st non-American to attend Harvard Law School, the 1st non-American clerk at the U.S. Supreme Court (for Thurgood Marshall) and one of the 1st two Black men to serve on the Harvard Law Review.
In 2002, Time Magazine listed Ogunlesi on its Global Influentials list. Fortune ranked him 7th most powerful Black Executive in the US. The Gatwick deal is a £1.455 billion agreement with BAA Airports Limited. GIP will be investing through Ivy Bidco Limited, a limited liability company established for the purpose of making the acquisition. Bidco will pay a cash consideration of £1,455 million for the entire share capital of Gatwick Airport Limited on a cash-free, debt-free basis.

The sale of Gatwick to Ogunlesi’s Global Infrastructure Partners (GIP) is subject to approval by the European Union.