Ashurst advised Alberta Investment Management Corporation ("AIMCo"), one of Canada's largest and most diversified institutional investment managers, as member of a consortium of investors comprising Borealis Infrastructure, Ontario Teachers' Pension Plan Board and Wren House Infrastructure Management Limited on the acquisition of London City Airport from Global Infrastructure Partners. A definitive agreement was signed on 25 February 2016.

The Ashurst team was led by partners Karen Davies, Richard Palmer and Jan Sanders, assisted by senior associate Audrius Skeivys.

Commenting on the transaction, Karen Davies said:

"We are delighted to have had the opportunity to work with AIMCo again. We have a long-standing relationship with them across a variety of asset classes and we are pleased to have been able to support AIMCo on a transaction of such strategic significance."

Dénes Németh, Director of Corporate Communications at AIMCo added:

"The team at Ashurst have once again proven to be an exceptional complement to our organization, allowing our team to focus on what we do best, while ensuring no detail is overlooked. We look forward to working with them again in the future."