CVC buys 40% Moto stake from USS

Following the deal, which is thought to be worth more than £1bn, CVC and USS have joint control of the business. No debt was used in the transaction.

CVC invested via its Strategic Opportunities Platform, a fund with a 15-year lifespan set up to do long-term investments, marking the second deal for this vehicle following the acquisition of RAC earlier this week.

USS acquired Moto in October.

Company
Moto is a UK motorway services provider, which operates 45 sites and employs 6,000 people.

The company was founded in 2001 and is headquartered in Toddington.

People
Tim Moss is CEO of Moto. Marc Boughton is managing partner of CVC and co-head of the Strategic Opportunities Platform. Mike Powell is head of private markets group at USS Investment Management.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Consumer
• UK / Ireland
• CVC Capital Partners
• USS