Allen & Overy and Goodwin lead on Bridgepoint's £220m sale of Leeds Bradford Airport

Allen & Overy (A&O) and Goodwin have advised on the £220m sale of Leeds Bradford Airport by private equity house Bridgepoint Capital to rival AMP Capital.

A&O is advising AMP Capital, the investment arm of Australian wealth manager AMP, with a team led by infrastructure partners Conrad Andersen and Peter Banks.

US firm Goodwin Procter is advising Bridgepoint, fielding a team including London private equity partners Richard Lever, Mark Soundy and Sarah Priestley.

Bridgepoint acquired the airport for £145.5m 10 years ago. Addleshaw Goddard advised the private equity house on that deal, while DLA Piper advised the five Yorkshire authorities that jointly owned the airport.

Soundy and Priestley joined Goodwin from US rival Shearman & Sterling last year. While at Shearman they advised Bridgepoint on its $100m (£75m) investment in food delivery service Deliveroo in 2016, while in 2014 Soundy advised on the fund’s £212m acquisition of foreign exchange provider Moneycorp.

A&O also advised AMP Capital last year on its $370m (£279m) joint venture acquisition, with Northleaf Capital, of the largest underground parking system in the US, Chicago Downtown Public Parking System.

Earlier this year, the firm advised the fund on the sale of a stake in Spanish oil and pipeline company Compania Logistica de Hidrocarburos to Macquarie European Infrastructure Fund 5.

Last year, magic circle trio Slaughter and May, Freshfields Bruckhaus Deringer and Linklaters all took roles on the £2bn sale of London City Airport to a Canadian-led consortium of investors.

Pic credit: Ian Gratton