Addleshaw Goddard advises Santander on £2.3bn Mobico Group PLC takeover

Addleshaw Goddard is advising Santander, as financial adviser to Autobuses de León, on the recommended £2.3 billion cash acquisition of Mobico Group plc, the parent company of National Express.

The transaction, announced pursuant to the UK Takeover Code, values Mobico at an enterprise value of approximately £2.3 billion and represents a significant transaction in the international passenger transport sector.

Mobico is a leading diversified transport group, with operations spanning coach, rail, bus, shuttle and paratransit services across Europe, the United States, North Africa and the Middle East. Its businesses include the internationally recognised National Express brand.

Addleshaw Goddard’s multidisciplinary team advised Santander, as financial adviser to Autobuses de León, drawing on the firm’s expertise in public M&A, corporate finance and acquisition financing.

The Addleshaw Goddard team was led by Simon Wood, Corporate Finance partner, supported by Lucy Robson and Vinay Rawal in Corporate Finance, alongside Ewen Scott and Vinnie Teh in Finance.