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New Deal


Announced

Autogrill sells its Canadian motorway business to Arjun & Fengate for $190m.

Financials

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Transaction Value£149m
Consideration Type-
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Canada

Friendly

Acquisition

Completed

road construction

Toll Roads

Private

Auction

Private Equity

Disposal

Synopsis

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Autogrill, an Italy's highway service group, completed the disposal of 23 Travel Centres across Highways 400 and 401 in Ontario, Canada, to a consortium led by Arjun Infrastructure Partners and Fengate Capital Management, for $190m. The travel centers were operated under the ONroute brand name by HMSHost, a subsidiary of Autogrill. As part of the transaction, HMSHost has agreed to a transition period to provide support services to ensure continuity of service.

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