USS sells 40% of ownership in Moto to private equity partner

Stephanie Baxter
clock

Universities Superannuation Scheme (USS) has sold 40% of its shareholding in Moto Group to funds advised by CVC Capital Partners (CVC) after acquiring the company just two months ago.

This move means that CVC and USS will invest as partners in the UK's largest motorway service station operator. USS took 100% ownership of Moto in October as the scheme sought to build out its d...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: Diversification and income drive investor appetite for real assets 

Partner Insight: Diversification and income drive investor appetite for real assets 

Challenging markets reinforced the value of real assets in providing diversification and uncorrelated returns.

Sarka Halas
clock 22 March 2024 • 1 min read
Fulcrum and Waystone partner to secure FCA approval for private markets LTAF

Fulcrum and Waystone partner to secure FCA approval for private markets LTAF

DC offering will invest in blend of private market asset classes

Jonathan Stapleton
clock 21 March 2024 • 1 min read
Aon launches responsible investment tool

Aon launches responsible investment tool

RI-360i provides insights to institutional investors to build RI portfolios

Martin Richmond
clock 21 March 2024 • 1 min read
Trustpilot