Sep 15, 2008

Private Equity acquires Dominican airport operator

Advent Makes 13th Airport Investment
Private equity firm Advent International has acquired Dominican airport operator Aeropuertos Domincanos (Aerodom) to expand its presence in Latin America's airport sector. Advent will buy the asset from Hazoury Group, Vancouver Airport Services and other local investors, with debt financing from the Bank of Nova Scotia and ING Group. The acquisition marks the first leveraged buyout in the Dominican Republic.

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