CMC Group and Asterion to acquire Mobico Group for £2.32 billion

CMC Group and Asterion Industrial Partners have agreed to acquire Mobico Group plc through Leita Mobility in a recommended cash transaction. The deal carries an implied enterprise value of approximately £2.32 billion, valuing the company’s ordinary share capital at roughly £308 million.

Mobico shareholders are set to receive 46 pence in cash per share. This offer represents a 55.1% premium over the October 20 closing price and a 93.3% premium compared to the August 3 closing price. The buyers intend to merge Mobico with Autobuses de León’s existing bus concession operations in Malta and Cyprus to create a more diversified mobility platform.

CMC Group, the family office of the Cosmen family, is a major Mobico shareholder holding approximately 26% of the company. Asterion Industrial Partners manages roughly $10 billion across various infrastructure funds. Mobico operates transport services, including coach, rail, and bus, across Europe, the United States, North Africa, and the Middle East, employing approximately 30,000 people.