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  5. FirstBus Acquires Centrewest London Buses

M&A Deal Summary

FirstBus Acquires Centrewest London Buses

On January 1, 1997, FirstBus acquired transportation company Centrewest London Buses from Montagu

Acquisition Highlights
  • This is FirstBus’ 1st transaction in the Transportation sector.
  • This is FirstBus’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 1997-01-01
Target Centrewest London Buses
Sector Transportation
Buyer(s) FirstBus
Sellers(s) Montagu
Deal Type Add-on Acquisition

Target

Centrewest London Buses

London, United Kingdom
Centrewest London Buses Ltd. operates a fleet of vehicles from garages in West and South London. Centrewest reputation for innovation and quality of service, together with management's proven ability to control costs and strengthen revenue in an increasingly competitive environment, made it an attractive investment proposition.

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Buyer(S) 1

Buyer

FirstBus

London, United Kingdom
Category Company
Sector Transportation
DESCRIPTION

FirstBus plc managed passenger transport specialists, providing support services for hundreds of corporate clients and small businesses, as well as many organisations in the voluntary sector.

DEAL STATS #
Overall 1 of 1
Sector: Transportation M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 1997 M&A 1 of 1

Seller(S) 1

SELLER

Montagu

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 11.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Montagu is an independent private equity firm focused on European management buyouts and growth capital transactions. The Firm seeks opportunities valued between €100 million and €1 billion. Sectors of interest include healthcare, medical products, financial services, software, IT, information services, and education. Montagu dates back to 1968 and is based in London.

DEAL STATS #
Overall 10 of 76
Sector: Transportation M&A 4 of 5
Type: Add-on Acquisition M&A Deals 4 of 31
Country: United Kingdom M&A 10 of 41
Year: 1997 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Aerospace Composite Technologies

Luton, United Kingdom

Aerospace Composite Technologies was formed to acquire the Engineering & Heating Systems Business of Lucas Aerospace a division of Lucas Industries. The business produces three distinct product ranges: aircraft transparencies, ice protection equipment and electro luminescent lighting.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-07-01 Metric Group

Swindon, United Kingdom

Metric is a leading company in the supply and manufacture of parking management solutions and accordingly take our products and services very seriously. With a 40 year history in the ticket issuing sector, the company is at the forefront of design and innovation, and consequently has a major presence worldwide, with the Headquarters being based at Metric House in Swindon, England.

Buy -
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