Gautam Bhandari, Global Chief Investment Officer and Managing Partner of I Squared, explained, “Arriva’s strategy for net-zero operations and the decarbonization of its fleet aligns with our strategy to develop and scale assets with technologies that accelerate the energy transition, as well as providing cleaner air in cities and towns by investing in green public transport.”
Deutsche Bahn Biz Arriva sale : A Greener Future
Arriva, under its new ownership, is gearing up for a low-carbon energy transformation. CEO Mike Cooper shared, “We want to see a future where people choose to leave their car at home, a future with less traffic congestion and cleaner air.” This deal is set to deliver substantial benefits for passengers, employees, and the numerous passenger transport authorities across Europe.
Fast-Track to the Future
The deal is expected to be finalized in 2024, pending customary closing conditions and approvals from the Deutsche Bahn supervisory board and Germany’s Federal Ministry for Digital and Transport. With Richard Thexton and David Sonter leading the Freshfields team advising Deutsche Bahn, and a formidable team from Skadden including private equity partners Richard Youle and Steven Hannah, the industry eagerly awaits this seismic shift.
