STAR Capital in German double

STAR has acquired 75.2% of Abellio GmbH, the Essen-based public transport operator, from Abellio Beteilegungs GmbH (ABG), previously wholly-owned by the City of Essen. ABG will continue to hold a minority stake in the business. Abellio is a leading operator of local transport services in Germany and during 2005 secured key rail and bus businesses in Noth Rhein Westfalia, Saxony, Lower Saxony and Saxony Anhalt. Abellio has interests in transport operations covering over 17 million kilometers per annum. The company is led by Wolfgang Meyer (CEO) and Iain Lanaghan (CFO), formerly group finance director of FirstGroup Plc in the UK. Giles Fearnley (former chief executive of Prism Rail Plc) will join the board alongside STAR representatives.

STAR has also acquired GSES, one of Europe’s leading underground waste facility operators. The business was acquired from a consortium of investors led by First Analysis (a US private equity group). GSES is the owner and operator of a salt mine in Thuringia, which is used predominantly for the disposal of commercial and industrial waste. This niche area of the waste market is growing in importance as EU and member state regulations increasingly restrict access to surface landfills.

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• Topics
• Buyouts
• DACH
• Industrials