Global law firm Clifford Chance has advised the lenders on the financing supporting the recommended cash offer by Autobuses de León, S.L., a company jointly held by CMC Group and Asterion Industrial Partners, for Mobico Group plc.
Mobico Group, formerly National Express Group plc, is a diversified transport business with operations spanning coach, rail, bus, shuttle and paratransit in Europe, the US, North Africa and the Middle East. The transaction values Mobico’s entire issued and to be issued ordinary share capital at approximately £308 million, with an implied enterprise value of approximately £2.3 billion.
The cross-practice Clifford Chance team was led by London Debt Finance partner Julia House, with support from Louise Baxter, Kate McComiskey, Daniel Braun, Ben Lin and Sonny Folland. The wider team included Drew Rundus and Yash Ranade (High Yield); Rui Huo and Tom Masters (M&A); Anne Drakeford and Phil Sandu (Hedging); Maria Sabau (Financing – Madrid); and Jemma Dick (Tax).
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