FirstGroup surges on report of PE interest in US operations
Transport operator FirstGroup surged on Monday following a report that its US operations have attracted interest from several major private equity firms.
FirstGroup
157.30p
16:45 09/01/25
0.77%
1.20p
FTSE 250
20,005.14
16:50 09/01/25
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n/a
FTSE 350
4,563.23
16:44 09/01/25
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FTSE All-Share
4,517.93
17:05 09/01/25
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Travel & Leisure
9,013.07
16:44 09/01/25
0.48%
43.44
According to The Sunday Telegraph, Canary Wharf owner Brookfield, Apollo Global Management and KKR are among a group of potential suitors for FirstStudent and FirstTransit.
The Telegraph cited sources as saying that FirstGroup’s financial advisers have restarted a sales process in recent weeks and attracted "significant" private equity interest.
I Squared Capital, the owner of Irish energy firm Energia, was also understood to have registered its interest.
At 0845 BST, the shares were up 14.2% at 45.42p.