KfW IPEX-Bank has arranged and provided funding for a new capex facility for Go-Ahead Group, a British multinational public transport company.

The £200 million ( US$263.95 million ) facility, syndicated among six lenders, builds on an existing financing from 2023. KfW IPEX-Bank acts as the sole mandated lead arranger and bookrunner. The new facility will enable Go-Ahead to introduce new vehicles, including zero-emission buses.

Go-Ahead, owned by Kinetic and Globalvia, has grown significantly recently, winning contracts to operate the Elizabeth Line in London and Stockholm Metro and expanding its bus operations in the United Kingdom and internationally.

"We have ambitious plans to build on our success and continue expanding our business, ultimately reaching even more customers,“ says Gonzalo Velasco, group structured finance director at Go-Ahead. "This facility will support our growth and reinforce our leadership in the transition to zero-emission transport."

Go-Ahead employs 27,000 people across its bus and rail operations in the UK, Ireland, the Nordics, Singapore and Australia. The company is the largest operator of electric buses in the UK and is committed to deploying a zero-emission fleet by 2035.