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The Guardian - UK

Business

Julia Kollewe

US firm Carlyle to take control of Southend airport after debt deal

Carlyle Esken United States Southend Airport CGI Essex the London Stock Exchange

Passengers leave London Southend airport in Essex. — The debt deal, agreed with the board of London Southend airport, includes a short-term unsecured £5m bridge loan. Photograph: Avpics/Alamy

Southend airport is to pass into the control of the US private-equity group Carlyle after an agreement to settle a debt, in the latest takeover of a UK firm by a foreign company.

The London-listed aviation group Esken, formerly Stobart Group, said it had reached a deal over the £193.75m debt that its subsidiary London Southend airport owed to Carlyle Global Infrastructure Fund (CGI).

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