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Title: Arriva up for sale Post by: grahame on March 28, 2019, 06:55:10 From The Guardian (https://www.theguardian.com/business/2019/mar/27/deutsche-bahn-to-sell-uk-rail-bus-operator-arriva) and other sources too
Quote The transport group Arriva, which runs UK rail franchises including Northern and the London Overground as well as buses around the country, is to be put up for sale by its owner, Deutsche Bahn. The German state rail operator has revived plans for a sell-off or possible public flotation for the UK-based company. Cross country is also an Arriva franchise, even if it didn't make the article intro list! Title: Re: Arriva up for sale Post by: GBM on March 28, 2019, 07:03:56 First group also rumoured (over several years) to be thought to be on the cards for a sale.
Not looking good Title: Re: Arriva up for sale Post by: grahame on June 17, 2019, 19:42:56 From Rail News (https://www.railnews.co.uk/news/2019/06/17-17-june-news-in-brief.html)
Quote Arriva bidders THREE potential bidders for Deutsche Bahn subsidiary Arriva have emerged. Arriva, which was a British company until 2010, operates the Chiltern Railways, Northern and CrossCountry franchises, open access operator Grand Central and also a number of bus companies. DB is trying to reduce its debt mountain of some €20 billion, and is expected to realise some €3 billion from the sale. The companies who are reported to have shown an interest are investment bank Goldman Sachs, private equity firm I Squared Capital and one of the owners of Canary Wharf in London Docklands, US-based Brookfield. Title: Re: Arriva up for sale Post by: TonyK on June 17, 2019, 20:01:01 From Rail News (https://www.railnews.co.uk/news/2019/06/17-17-june-news-in-brief.html) Quote Arriva bidders THREE potential bidders for Deutsche Bahn subsidiary Arriva have emerged. Arriva, which was a British company until 2010, operates the Chiltern Railways, Northern and CrossCountry franchises, open access operator Grand Central and also a number of bus companies. DB is trying to reduce its debt mountain of some €20 billion, and is expected to realise some €3 billion from the sale. The companies who are reported to have shown an interest are investment bank Goldman Sachs, private equity firm I Squared Capital and one of the owners of Canary Wharf in London Docklands, US-based Brookfield. Hardly household names in the public transport industry? Title: Re: Arriva up for sale Post by: bobm on June 17, 2019, 20:16:19 Would you buy a used Voyager off this
Title: Re: Arriva up for sale Post by: CyclingSid on June 18, 2019, 07:16:27 Would you buy a used franchise off this company?
Title: Re: Arriva up for sale Post by: TonyK on June 18, 2019, 11:26:13 Would you buy a used franchise off this company? I Squared is a private equity company, specialising in energy and water infrastructure projects, all over the Americas and parts of Asia. They buy, enhance, then sell, which doesn't follow the usual mosel for a UK rail franchise, but they may know what they are doing with it, and they certainly can handle money. I can't find an actual railway in the list of things they own, which is impressive, and includes a fifth of all power generation in Ireland. A few months ago, it raised $7 billion for a new infrastructure fund from institutional investors, so isn't short of cash for new projects. A managing partner said then: Quote “We currently see opportunities globally with attractive risk-adjusted returns across different sectors including energy, telecom, transport, and utilities in the US and Europe as well as in high-growth economies including India, China and Latin America.” which doesn't sound to me like the Arriva we know and love. A notable adviser was Boutros Boutros-Ghali, once top banana at the UN, where he was affectionately known as Boo-Boo. Brookfield goes back more than a century, beginning as the São Paulo Tramway, Light and Power Company. It recently bought Oaktree Capital Management for about $4.7 billion, so has the vvehicle to make investments. While its transport investments, under a subsidiary, seem to be mainly toll roads, it bought an Australian port and rail operator in 2016, although much of the acquisition was moved on to other companies. This page is printed from the "Coffee Shop" forum at http://gwr.passenger.chat which is provided by a customer of Great Western Railway. Views expressed are those of the individual posters concerned. Visit www.gwr.com for the official Great Western Railway website. Please contact the administrators of this site if you feel that content provided contravenes our posting rules ( see http://railcustomer.info/1761 ). The forum is hosted by Well House Consultants - http://www.wellho.net |