Deals
Deutsche Bahn’s Arriva Unit Has the Attention of Buyout Firms and Rivals
- Apollo, Carlyle and Lone Star among first-round bidders
- European bus, rail operator could fetch up to 4 billion euros
Photographer: Alex Kraus/Bloomberg
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Deutsche Bahn AG, Germany’s state-owned rail operator, has attracted interest from more than 10 buyout firms and competitors for all or parts of its European transport unit Arriva, people familiar with the matter said.
Apollo Global Management LLC, Carlyle Group LP and Lone Star Funds are among suitors that made initial offers for the whole business ahead of Thursday’s deadline, according to the people. It could fetch about 3.5 billion euros ($3.9 billion) to 4 billion euros, the people said, asking not to be identified because the discussions are private.