Transport Capital AG, a private Swiss company (Zug) has announced the acquisition of VM Verkehrsgesellschaft Mittelhessen GmbH and Verkehrsgesellschaft Werner GmbH & Co. KG, as well as an associated leasing company (ABELLIO Leasing GmbH).
Transport Capital AG was established as a dedicated financing vehicle to facilitate investment opportunities in the German public bus transport sector. The new investors believe that there is significant value to be unlocked in this industry through the creation of a large private bus operator.
The transaction helps to establish a platform from which to continue the existing transport agreements, preserve the existing jobs and successfully grow the business. The combined companies employ over 400 employees and operate a fleet of buses travelling around 10 million kilometres annually.
Alvarez & Marsal was pleased to provide financial due diligence services and advised Transport Capital AG in lender negotiations. In cooperation with Taxand partner Luther Law, the deal team further provided tax and legal due diligence and supported Transport Capital AG in signing and closing the transaction.