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Case Study

The Go-Ahead Group Refinances Existing Debt Facilities

The Go-Ahead Group is a leading provider of bus and rail transportation services across the UK, Europe and APAC.

Case Study

The Go-Ahead Group Refinances Existing Debt Facilities

The Go-Ahead Group is a leading provider of bus and rail transportation services across the UK, Europe and APAC.

At a Glance

Prudential Private Capital was introduced to the Company via Kinetic, an Australian-based multinational bus operator, with whom the Prudential Sydney team developed a prior relationship. Kinetic, alongside its consortium partner Globalvia, acquired The Go-Ahead Group in 2022.

Following its 2022 acquisition, The Go-Ahead Group was looking to refinance existing debt and increase growth capacity. The Company desired to work with a small lending group of financiers who could speak for volume, in addition to adding diversification and tenor to its funding book to de-risk the balance sheet.

The Company decided to partner with Prudential Private Capital given our: i) relationship-based and solutions-oriented approach to market, ii) responsiveness and speed of execution, and iii) ability to provide longer-term debt. In August 2023, we provided The Go-Ahead Group with Senior Secured Notes alongside funding provided by a banking syndicate.

We are delighted to formalize our relationship with The Go-Ahead Group and look forward to our long-term partnership.

Relationship Since 2023
Transaction details:
  • Senior Secured Notes
Meet the team
“We are pleased to partner with Prudential after building a relationship over the last few years. Prudential provided funding for Go-Ahead to meet its refinancing and growth objectives while adding tenor and diversification to its funding book. We appreciated Prudential's speed of execution and ability to structure a bespoke funding solution to facilitate Go-Ahead’s financing needs over the long-term”
James Culley Group Chief Financial Officer, Kinetic Group

The Full Story

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Robert Caggiano
Vice President
+61.2.8248.9706
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New South Wales, Australian Capital Territory (ACT), Queensland, S Australia & W Australia
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Daryl Skinner, CFA
Vice President
+44 207 621 8440
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Infrastructure

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