Nigerian, Adebayo Ogunlesi, 56, acquires London Gatwick Airport

Date: 18-02-2010 8:27 pm (14 years ago) | Author: Daniel Bosai
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- at 18-02-2010 08:27 PM (14 years ago)
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A Nigerian, Adebayo Ogunlesi, has acquired the London Gatwick Airport as the new owner. The Gatwick deal is a £1.455 billion agreement with BAA Airports Limited.


Ogunlesi, 56, is the chairman and managing partner, Global Infrastructure Partners (GIP), an independent investment fund based in New York City with worldwide stake in infrastructure assets.

According to the report, Ogunlesi, the son of an 86-year old professor of medicine has presided over a great number of sweet deals that made him the envy of his peers abroad even if his forays into the brisk world multi-billion dollars deals are barely talked about in his home country.

GIP will be investing through Ivy Bidco Limited, a limited liability company registered in England, established for the purpose of making the acquisition.

Bidco will pay cash consideration of £1,455 million for the entire share capital of Gatwick Airport Limited on a cash-free, debt-free basis.

 Ogunlesi says the acquisition of Gatwick is a landmark deal for GIP and adds another quality asset to his firm's rapidly expanding portfolio.

He said, "we see significant scope to apply both our strong operational focus and our knowledge of the airports sector to make Gatwick an airport of choice."

 He began stacking up his big deals profile when he joined the top-shelf New York law firm, Cravath, Swain & Moore. It was at the law firm that he jumped at the chance to advise First Boston (which later acquired Credit Suisse in 1997 to form Credit Suisse First Boston or CSFB) on a hugely lucrative Nigerian gas project.

The success of that deal landed him his first big pay move to First Boston. For First Boston, he worked on project finance, brokering deals in which lenders finance assets like oil refineries and mines and are repaid with revenues generated by those enterprises.

Based in New York City and traveling to emerging markets, he built CSFB's project-finance business into the world's best, in part by encouraging corporations and governments to tap public debt markets in addition to commercial lenders.

His teacher while at King's College, Lagos, J. Namme, said that Bayo, as he is fondly called, loves getting things done. Perhaps, the London Gatwick Airport acquisition best underscores his desire to get things done and in the big way too. The Gatwick deal illustrates his global influence in infrastructure assets deals.

  Ogunlesi has lived in New York for 20 years and is active in volunteer work. But he also cultivates his ties to Africa. He informally advises the Nigerian government on privatisation. And last summer Manute Bol, former NBA center, visited Ogunlesi in his Park Avenue office, seeking donations for a charitable foundation in former basketball star Manute Bol's homeland, Sudan.

Ogunlesi walked Bol around the hallways, introducing him to junior staff. It was just another day in the Bayosphere.

 Prior to his current role, he was executive vice chairman and chief client officer of Credit Suisse, based in New York. He previously served as a member of Credit Suisse's Executive Board and Management Council and chaired the Chairman's Board. Previously, he was the Global Head of Investment Banking at Credit Suisse. Since joining Credit Suisse in 1983, Ogunlesi has advised clients on strategic transactions and financings in a broad range of industries and has worked on transactions in North and South America, the Caribbean, Europe, the Middle East, Africa and Asia.

Ogunlesi attended the prestigious King's College, Lagos. He is a member of the District of Columbia Bar Association. He was a lecturer at Harvard Law School and the Yale School.

Ogunlesi, whose father was the first Nigerian-born medical professor, studied philosophy, politics and economics at Oxford and then earned law and business degrees from Harvard. In the US, he is known as the Nigerian who clerked for late Supreme Court justice, Thurgood Marshall, who they say was unable to pronounce his name and quickly dubbed him Obeedoogee. Colleagues and friends call him Bayo.


Source: Thisday newspaper


Posted: at 18-02-2010 08:27 PM (14 years ago) | Addicted Hero
- EHISE at 18-02-2010 09:16 PM (14 years ago)
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OK NA.........NA WA OOOOOOOOOOOO
Posted: at 18-02-2010 09:16 PM (14 years ago) | Newbie
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- enogieru at 18-02-2010 09:18 PM (14 years ago)
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Am proud to be a nigerian! pls, Mr. Ogunlese we need ppl like u to turn our country around for good and dnt forget to invest in ur fathers land ohh! I wish u d best on ur new investment.
God bless NIGERIA!!! Grin Cheesy
Posted: at 18-02-2010 09:18 PM (14 years ago) | Upcoming
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- vantheo at 18-02-2010 09:30 PM (14 years ago)
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Nice!!

Posted: at 18-02-2010 09:30 PM (14 years ago) | Hero
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- princedee at 18-02-2010 09:41 PM (14 years ago)
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I hope say dem no bomb d airport as a result of racism.
Posted: at 18-02-2010 09:41 PM (14 years ago) | Upcoming
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- qualitysmart at 18-02-2010 10:00 PM (14 years ago)
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waoh! now i believe d sayin dat white pap comes frm black pot. so Niger can still produce somebody like Adebayo. gud luck 2 u. peace out.
Posted: at 18-02-2010 10:00 PM (14 years ago) | Upcoming
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- jimmyfontana at 18-02-2010 10:01 PM (14 years ago)
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unbelievable . please  do  something   for your  fathersland
Posted: at 18-02-2010 10:01 PM (14 years ago) | Newbie
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- spekay at 18-02-2010 10:07 PM (14 years ago)
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GREAT!  

Abeg Lagos State hasn't fared any better in the  transportation section since you left college LOL
how bout lending a hand of advise .  
They have a progressive gov . to set the ball rolling

Posted: at 18-02-2010 10:07 PM (14 years ago) | Gistmaniac
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- black_samurai at 18-02-2010 10:12 PM (14 years ago)
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where him dey when chinese ppl take over our lagos airport?

Posted: at 18-02-2010 10:12 PM (14 years ago) | Upcoming
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- osituga at 18-02-2010 10:22 PM (14 years ago)
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i support u Black_samurai ... i tire for the man o ..... but i guess, one of stupid leaders we have is hiding behind edges ..using the man's name to acquire the airport .... hmmm hu knws?
Posted: at 18-02-2010 10:22 PM (14 years ago) | Hero
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- Ceenod at 18-02-2010 10:32 PM (14 years ago)
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na wah

Posted: at 18-02-2010 10:32 PM (14 years ago) | Upcoming
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- Starlette at 18-02-2010 11:01 PM (14 years ago)
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Thank u 4 d info

Posted: at 18-02-2010 11:01 PM (14 years ago) | Upcoming
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- alyz004 at 18-02-2010 11:17 PM (14 years ago)
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1.455 million or billion.There js a mix up
Posted: at 18-02-2010 11:17 PM (14 years ago) | Newbie
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- omatu at 19-02-2010 12:20 AM (14 years ago)
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Congratulations Mr. Ogunlesi
Posted: at 19-02-2010 12:20 AM (14 years ago) | Gistmaniac
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- megafather1 at 19-02-2010 12:23 AM (14 years ago)
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Nawawooo, shame on him, how does dat help nigeria?......There are so many airports in nigeria, why cant he buy one..........nonsense.
Posted: at 19-02-2010 12:23 AM (14 years ago) | Gistmaniac
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- popo2009 at 19-02-2010 01:32 AM (14 years ago)
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Who said Naija isnot great!!!......last year was a Nigerian tried to blow up a plane
Now it is..A Nigerian Man bought the Gatwick Airport
Believe it we are making waves.....
Posted: at 19-02-2010 01:32 AM (14 years ago) | Gistmaniac
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- shagy at 19-02-2010 02:54 AM (14 years ago)
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Adebayo will u rimenber your father's land if u will i'm so happy for you
Posted: at 19-02-2010 02:54 AM (14 years ago) | Newbie
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- myolu at 19-02-2010 02:57 AM (14 years ago)
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Ok dats good
Posted: at 19-02-2010 02:57 AM (14 years ago) | Upcoming
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- ifyGod at 19-02-2010 04:14 AM (14 years ago)
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some1 have this kind of money in abroad while some people in naija cant aford thier children school fees and people out there help in growth of other country,God hear the prayer of the poor in my fatherland
Posted: at 19-02-2010 04:14 AM (14 years ago) | Newbie
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- ifyGod at 19-02-2010 04:16 AM (14 years ago)
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@poster.this kind is issue cant help we nigerians,please try else where to find good topic we can share
Posted: at 19-02-2010 04:16 AM (14 years ago) | Newbie
Reply
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