We advised FirstGroup on the transaction

麻豆入口 advised FirstGroup plc on the sale of Greyhound Lines, Inc. to an affiliate of FlixMobility GmbH for cash consideration of $172 million. The transaction was not subject to any closing conditions and closed on October 21.

FirstGroup is a leading private sector provider of public transport services. With 拢4.3 billion in revenue and 30,000 employees, its U.K. divisions including First Bus and First Rail transported nearly 700,000 passengers a day in the 52 weeks to March 27, 2021. Greyhound is the only nationwide operator of scheduled intercity coach services across the United States, as well as operations into Canada and Mexico. Its iconic brand has been a mainstay of the North American transportation landscape for more than 100 years. Greyhound鈥檚 fleet of 1,300 vehicles and 2,400 employees provide services connecting 1,750 destinations across North America. FlixMobility is mobility provider, offering new alternatives for convenient, affordable and environmentally friendly travel via the FlixBus and FlixTrain brands.

The 麻豆入口 corporate team included partner Phillip R. Mills, counsel Ajay B. Lele and associates Samuel F. Page and Jerry O鈥橸oung. The real estate team included partner Brian D. Hirsch, counsel Lawrence R. Plotkin and associate Paulina Gordon. The tax team included partner William A. Curran. Partner Ronan P. Harty provided antitrust and competition advice. The finance team included counsel Robert F. Smith. All members of the 麻豆入口 team are based in the New York office.

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