New Moto owner USS 'in talks' with CVC
CVC Capital Partners is reportedly hoping to snap up half of Moto, the motorway services operator.
The investment company is in talks about a deal with Moto's new owner, Universities Superannuation Scheme (USS), according to City sources spoken to by the Sunday Times.
The 60-strong chain was snapped up by pension fund USS just last month, acquiring it from Australian lender Macquarie.
If the deal goes ahead the two businesses would have joint control, the sources said.
Both declined to comment.