M&A Deal Summary

I Squared Capital Acquires Arriva

On October 19, 2023, infrastructure investor I Squared Capital acquired transportation company Arriva from Deutsche Bahn AG

Acquisition Highlights
  • This is I Squared Capital’s 2nd transaction in the Transportation sector.
  • This is I Squared Capital’s 3rd transaction in the United Kingdom.

M&A Deal Summary
Date 2023-10-19
Target Arriva
Sector Transportation
Buyer(s) I Squared Capital
Sellers(s) Deutsche Bahn AG
Deal Type Divestiture

Target

Arriva

Sunderland, United Kingdom
Arriva plc is a provider of transportation services.

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Buyer(S) 1

Buyer

I Squared Capital

Investor Investor Investor

Category Infrastructure
Founded 2012
Size Small
Type Sector Focused
DESCRIPTION

I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.

DEAL STATS #
Overall 24 of 26
Sector (Transportation) 2 of 3
Type (Divestiture) 7 of 7
Country (United Kingdom) 3 of 3
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-21 Enva

Ireland

Enva is an environmental services platform providing mission-critical, highly specialized, and regulated waste management services in the UK and Ireland. The company conducts waste collection, processing, and resource recovery at 34 facilities across the UK and Ireland, serving more than 20,000 industrial, energy, automotive, and other customers. It focuses on waste streams with complex technical and regulatory characteristics, requiring specialized expertise and licenses. Enva was formed in 1972 and is based in Ireland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-15 WOW Logistics

Neenah, Wisconsin, United States

WOW Logistics is a supply chain service provider in the country with solutions in five core business areas: supply chain consulting, operations, real estate development, inventory financing, and technology solutions. The company is a private purchaser of dairy products through its WOW COMMODITY PURCHASE PROGRAM. It maintains a total of 223 million cubic feet of warehouse space throughout 25 distribution centers, including 47 million cubic feet of temperature-controlled space. WOW Logistics is based in Neenah, Wisconsin.

Buy -

Seller(S) 1

SELLER

Deutsche Bahn AG

Berlin, Germany
Category Company
Founded 1994
Sector Transportation
DESCRIPTION

Deutsche Bahn AG is a global shipping company headquartered in Berlin.

DEAL STATS #
Overall 3 of 3
Sector (Transportation) 2 of 2
Type (Divestiture) 3 of 3
Country (United Kingdom) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Ameropa

Bad Homburg, Germany

Ameropa specializes in short (holiday) trips by train as well as theme-oriented and luxurious train experiences. Its trips can be booked in 7,000 travel agencies and 400 Deutsche Bahn travel centers located in train stations as well as via the webpage of Deutsche Bahn. Ameropa was founded in 1951 and is based in Bad Homburg, Germany.

Sell -
Mergr

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