M&A Deal Summary |
|
|---|---|
| Date | 2021-04-23 |
| Target | First Student |
| Sector | Transportation |
| Buyer(s) | EQT |
| Sellers(s) | Firstgroup |
| Deal Type | Divestiture |
| Deal Value | 4.6B USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 50.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
EQT is a global private equity group that purses a variety of investment strategies around the world. EQT is divided into several investment disciplines, including private capital, real assets, credit, and venture. The Firm's private capital group targets large, market-leading enterprises (investment size of €125 to €1.5 billion) across Europe and the US, as well as mid-market, growth companies (investment size of €40 to €125 million) across the US, Europe, China, and Southeast Asia. The Firm's real assets group seeks to identify control or co-control equity investments (investment size of €500 to €1 billion) in medium-sized infrastructure companies that provide an essential service to society, are recession resilient, and have secure cash flows. EQT's credit group provides flexible, long-term debt capital solutions to medium-sized European businesses, across a wide range of sectors. EQT was established in 1994 and is headquartered in Stockholm, Sweden.
| DEAL STATS | # |
|---|---|
| Overall | 248 of 287 |
| Sector (Transportation) | 7 of 9 |
| Type (Divestiture) | 45 of 48 |
| State (Ohio) | 2 of 2 |
| Country (United States) | 38 of 52 |
| Year (2021) | 11 of 23 |
| Size (of disclosed) | 7 of 41 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-23 |
First Transit
Cincinnati, Ohio, United States First Transit is a public transit management operator that transports over 300 million passengers annually across around 300 locations in North America. First Transit provides essential mobility services to communities, college campuses, businesses, and elderly care facilities that are economical, safe, and environmentally friendly. First Transit was founded in 1955 and is based in Cincinnati, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-07 |
InCorp
Singapore, Singapore InCorp is a provider of professional corporate solutions for businesses with a presence in seven markets across Asia. InCorp specializes in a full range of professional services for companies planning to establish a hub or headquarters in Asia, including incorporation, corporate secretarial & compliance, share registry, accounting, taxation, human resources, corporate recovery, and other business advisory services. InCorp was fored in 2015 and is based in Singapore. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1986 |
| Sector | Transportation |
| Employees | 31,064 |
| Revenue | 2.9B GBP (2022) |
Firstgroup is a transport operator in the UK and North America, providing solutions for an increasingly congested world keeping people moving and communities prospering. Company operate five divisions which draw on common skills and expertise, but which are varied by geography, customer base and a mix of contract and passenger revenue. FirstGroup was incorporated in 1986 and is headquartered in London, the United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 5 |
| Sector (Transportation) | 4 of 5 |
| Type (Divestiture) | 4 of 5 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2021) | 1 of 2 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-18 |
Mid States School Bus
Wayne, Nebraska, United States Mid States School Bus is a provider of school and charter transportation services to nearly 20 school districts across Eastern Nebraska and South Dakota with a fleet of approximately 200 buses. Mid States School Bus headquartered in Wayne, Nebraska. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-10-21 |
Greyhound Lines
Dallas, Texas, United States Greyhound Lines is a provider of long-distance bus transportation. Greyhound Lines is based in Dallas, Texas. |
Sell | $46M |
