Ardian and PIF Acquire 37.62% of FGP Topco (Heathrow) as Ferrovial Sells 19.75% Stake

Ferrovial Acquires 5.06% Stake in 407 ETR

June 6, 2025

Transportation

Ferrovial purchased a 5.06% equity stake in 407 International Inc. (407 ETR) for CAD 1.99 billion, acquiring shares from affiliates of AtkinsRéalis and exercising a call option to complete the transaction. The purchase increases Ferrovial's ownership in the Canadian toll highway from 43.23% to 48.29%; the announcement also notes concurrent transactions in which AtkinsRéalis sold a remaining 1.7% to CPP Investments and PSP Investments acquired a 7.51% interest from CPP.

AviAlliance Acquires AGS Airports from Macquarie and Ferrovial

November 13, 2024

Transportation

AviAlliance has agreed to acquire AGS Airports from Macquarie Asset Management (via Macquarie European Infrastructure Fund 4) and Ferrovial for an enterprise value of approximately £1.53 billion. The transaction transfers ownership of the airports serving Aberdeen, Glasgow and Southampton, and is expected to reach financial close by Q1 2025 subject to customary conditions and regulatory approvals.

Macquarie Asset Management Acquires Stakes in Bristol and Birmingham Airports

November 3, 2025

Infrastructure

Macquarie Asset Management (through Macquarie European Infrastructure Fund 7), with co-investor LGPS Central Limited (on behalf of West Midlands and Cheshire Pension Funds), has reached financial close to acquire a 55% stake in Bristol Airport and a 26.5% stake in Birmingham Airport. The stakes were purchased from Ontario Teachers' Pension Plan as part of Macquarie's broader UK airports portfolio expansion.

Ardian Acquires Majority Stake in Florida Food Products

September 21, 2021

Food & Beverage

Ardian's U.S. Buyout team acquired a majority stake in Florida Food Products (FFP) from MidOcean Partners, with MidOcean retaining a significant equity stake. The transaction (enterprise value in excess of $1 billion) positions Ardian to support FFP's product innovation, capability expansion and international growth in clean-label, plant-based food ingredients.

Ardian Acquires Remaining Stake in Hill Top Energy Center

April 28, 2025

Energy

Ardian has acquired the remaining equity stake in Hill Top Energy Center, giving it 100% ownership and full operational control of the 620 MW combined-cycle gas turbine in western Pennsylvania. The asset sells capacity and energy into the PJM market and the transaction is Ardian Americas Infrastructure Fund V's first energy investment, intended to support long-term growth and reliable power supply for rising electricity demand.

PAI Partners and ADIA Acquire Majority Stake in Alvest

January 31, 2025

Aerospace & Defense

PAI Partners, together with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), has acquired a majority stake in Alvest, the global leader in airport Ground Support Equipment (GSE). Ardian retains a minority stake alongside the company's founders and management; the investment will support Alvest's expansion, accelerate the transition to electric GSE and grow its product and service offering worldwide.