I Squared Capital, a global infrastructure investment manager, has agreed a deal to acquire Arriva Group, including all of its operating businesses across 10 European markets, from Deutsche Bahn.
The transaction is expected to complete in 2024, subject to customary closing conditions, including the approval of the DB Supervisory Board and the Federal Ministry for Digital and Transport of the Federal Republic of Germany.
As part of DB’s Strong Rail Group strategy, the company announced that it intended to sell Arriva, which it acquired in 2010, to enable additional growth in rail transport in Germany and allow it to focus its resources on its core business.
I Squared has extensive experience in providing essential infrastructure, including transport, logistics, energy, utilities, and digital infrastructure around the world. Prior investments include TIP Group, the freight services specialist, where it has invested significantly in fleet transformation, Aggreko, the global energy solutions company based in Glasgow, as well as renewables and energy transition companies Conrad Energy and Energia.
