mynth
← DATABASE
06/2022

GO-AHEAD GROUP acquired by GLOBALVIA

UNITED KINGDOM Transport & Logistics / Passenger Transport EV 500M - 1.5b GBP

Context

The consortium formed by Globalvia and Kinetic acquired the UK-based transport operator Go-Ahead Group. This take-private transaction values the company at approximately �669 million. The deal allows Globalvia to enter the UK bus market and Kinetic to expand its global footprint, aiming to accelerate the decarbonization of Go-Ahead's fleet.

GO-AHEAD GROUP, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Business Services sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in Business Services market trends

Target

The Go-Ahead Group is a major international public transport provider and one of the United Kingdom’s largest bus and rail operators. Headquartered in London, the company specializes in high-frequency urban and regional transport services, operating a fleet of over 6,000 buses and delivering roughly 25% of all UK passenger rail journeys through its various franchises. Its business model is built on long-term government-contracted franchises and commercial bus operations, generating stable, high-volume recurring revenue. The organization is a recognized leader in the transition to "Green Mobility," operating the UK’s largest fleet of zero-emission electric buses and actively decarbonizing its rail assets.

Ent. Value

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2021
LOGIN
LOGIN
LOGIN
2020
LOGIN
LOGIN
LOGIN

Similar deals in Business Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
11/2022GROUPE BERNARDIGROUPE CAILLEFRANCETransport & Logistics

The Bernardi Group, a major player in the transport sector in the Hauts-de-France region, is strengthening its local position by acquiring the assets of its neighbor, Transports Boquet. This external growth operation allows Bernardi to expand its network in the Pas-de-Calais department and integrate a complementary client base in the industrial sector

09/2022MML CAPITALGLOBAL PALLETS AND PACKAGING SERVICES GPSFRANCETransport & Logistics

Groupe GPS, a specialist in reusable industrial packaging logistics, completes a secondary LBO ("LBO bis"). The private equity firm MML Capital, alongside Metric Capital Partners, acquires the stakes previously held by Cerea Partners, Bpifrance, and Arkea Capital

05/2022IDIA CAPITAL INVESTISSEMENT / BPIFRANCE / SOFIPACAVECTORYSFRANCETransport & Logistics

Vectorys, the leading logistics provider for Europe-North Africa flows, completes its third LBO (LBO ter). The group welcomes a new financial partner, IDIA Capital Investissement, while historical backers Bpifrance and Sofipaca reinvest

03/2022NCILE ROY LOGISTIQUEFRANCETransport & Logistics

Le Roy Logistique executes a Management Buy-Out (MBO) allowing its management team to take control of the company. The historical shareholders (the Le Roy family and Groupe Alian) are exiting. The transaction is backed by a pool of regional financial investors led by NCI, aiming to support the group's "Destination 2026" strategic plan, which targets doubling revenues through organic growth and acquisitions

01/2022CFTR (COMPAGNIE FRANCAISE DES TRANSPORTS REGIONAUX)AUTOCARS MAISONNEUVEFRANCETransport & Logistics

CFTR continues its buy-and-build strategy by acquiring Autocars Maisonneuve. This integration allows the family-owned target to reach a critical size and access the resources of a larger group while strengthening CFTR's density in the Rhone-Alpes region

01/2022CMA-CGMCOLIS PRIVEFRANCETransport & Logistics

Following the agreement signed in January 2022, the CMA CGM Group has finalized the acquisition of 100% of Colis Priv�, France's leading private specialist in home and relay point parcel delivery for individuals

12/2021BASALT INFRASTRUCTURE PARTNERSNOBINASWEDENTransport & Logistics

Basalt Infrastructure Partners launched a public takeover bid for Nobina, delisting the company from the Nasdaq Stockholm. The offer priced at SEK 108 per share represented a significant premium. Basalt aims to support Nobina's long-term growth and transition to electric fleets as a private owner

10/2021TIKEHAU CAPITALGROUPE STERNEFRANCETransport & Logistics

Tikehau Capital, the alternative asset management group, has entered into exclusive negotiations to acquire a majority stake in Groupe Sterne, a European leader in high-value-added sustainable transport and logistics

08/2021MAERSK (A.P. MOLLER - MAERSK)B2C EUROPENETHERLANDSTransport & Logistics

A.P. Moller – Maersk has completed the acquisition of B2C Europe Holding. The deal, initially announced in August 2021, was finalized following regulatory approvals and represents a critical step in Maersk’s e-commerce logistics expansion in Europe

04/2021AQUASOURCAGROUPE ASTR INFRANCETransport & Logistics

Aquasourca, accompanied by Stags, acquired a minority stake in Astr’in. The transaction was structured as an Owner Buy-Out (OBO), allowing the founders to cash out partially while retaining the majority of the capital and operational control

REFERENCES

Valuation range: EV 500M - 1.5b GBP

Revenue range: 2.5b - 5b GBP

EBITDA range: 450M - 900M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of GO-AHEAD GROUP by GLOBALVIA are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: go-ahead group

Acquirer: globalvia