Mobico to sell US school buses ahead of tariffs driving up fleet costs

Mobico to sell US school buses ahead of tariffs driving up fleet costs

The transport group described the sale to infrastructure investor I Squared Capital as a ‘milestone’.

Mobico’s Sale Falls Short, But Strategic Shift May Boost Future

Mobico’s decision to sell its North American school bus business to I Squared Capital for £457m marks a significant turning point for the company, but it also raises several implications for investors. Firstly, the sale price, while generating upfront net proceeds of between £275m and £290m, fell short of market expectations. This disappointment is evident in the stock’s performance… Source

I Squared Capital Acquires National Express School (NEXS) to Support Growth in North America

LISLE, IL, UNITED STATES, April 25, 2025 /EINPresswire.com/ -- Mobico Group has announced that it has reached an agreement for the sale of its School Bus division, National Express School (NEXS) to I Squared Capital, a specialist global infrastructure investor. The acquisition, which is anticipated to close in the third quarter of this year, will involve all brands associated with NEXS, including Durham School Services, Petermann Bus, and Stock …

Mobico shares sink on North America School Bus disposal

Mobico Group shares sank on Friday after announcing an agreement to sell its North America School Bus business to I Squared Capital for an enterprise value of up to $608 million. The deal represents approximately 50 times School Bus’ expected FY24 Adjusted Operating Profit of $11.5 million and about 5.0 times its expected FY24 Adjusted […] The post Mobico shares sink on North America School Bus disposal appeared first on UK Investor Magazine.

Mobico shares crater amid £460m North American school bus sale

Mobico shares cratered more than 35 per cent on Friday as it announced plans to sell its North American school bus business to the US infrastructure investor, I Squared Capital. The much-anticipated deal is valued at £460m, which is less than analysts had expected. Mobico said it would lead to upfront net proceeds of around £275m to £290m while also trimming debts. The operator’s chief executive Ignacio Garat described the transaction as a “sign…