The Firm represented Corsair Infrastructure (“Corsair”), which announced the financial close of the development project together with Vantage Airport Group to build a new international Terminal 6 at John F. Kennedy International Airport (“JFK”). JFK Millennium Partners, the private organization selected by the Port Authority of New York and New Jersey to finance, build and manage the new Terminal 6, raised a total of $4.2 billion to fund the project.
Vantage will serve as the principal developer and operator of the new terminal, as the lead member of JFK Millennium Partners. Corsair will be the project’s lead financial sponsor and majority shareholder.
Vantage Airport Group is a leading investor, developer and manager of airports and transportation infrastructure around the world. Its current network is composed of 13 active airport and rail station operations in the U.S., Canada, the Caribbean, and Europe. Vantage is a wholly owned strategic platform of Corsair Infrastructure for capital deployment in the airport sector. Corsair Infrastructure is the global infrastructure investment business of Corsair Capital. Corsair Infrastructure currently manages more than $4.4 billion of investments in infrastructure assets around the world, including through transportation platform companies in the airport, toll road and container terminal sectors.
The Simpson Thacher team included Barrie Covit, Jennifer Levitt, Jonathan Goldstein, William Smolinski, Charles “Chuck” Xu, Ville Rauhala-Kwong, Sophie Gandler, David Weintraub, Sophie Dibb, Jackson Sullivan, Jennie Getsin and Albert Murzakhanov.