GO-AHEAD GROUP acquired by GLOBALVIA
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 in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the Business Services sector (11.4x).
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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.
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REFERENCES
Valuation range: EV 500M - 1.5b GBP
Revenue range: 2.5b - 5b GBP
EBITDA range: 450M - 900M GBP
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: go-ahead group
Acquirer: globalvia