Capital Citybus sold

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The Independent Online
Capital Citybus sold

Capital Citybus, a London bus operator based in Dagenham and Tottenham, has been sold to its management in a buyout backed by Lloyds Development Capital. The company operates 24 routes with 201 buses under contract from London Transport. Lloyds has taken a minority stake and the management holds the balance. The deal includes pounds 2m of term debt from NatWest Markets Acquisition Finance and pounds 5m from Lombard Corporate Finance.

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