Jimmy Rich
Greenstone Partners
Airport Retail Enterprises
Deal Type
Company sale
Sector
Consumer
Completion Date
22nd May 2024
Deal Value
Not disclosed
Company Background
Airport Retail Enterprises ("ARE") operates leading food & beverage outlets in Australian Airports. It has 62 outlets across seven airports in Australia, including: Sydney; Melbourne; Brisbane; Gold Coast; Canberra; Townsville; and Mount Isa.
Deal Summary
Greenstone Partners advised ARE, in its sale to SSP Group ("SSP"). SSP is a leading food and beverage provider in travel locations worldwide, with ~600 locations spread across 37 countries. The acquisition of ARE is aligned to SSP’s strategy of accelerating growth in the Asia Pacific region and sees the Group add a number of high-quality bars, restaurants and brands to its portfolio.
