Antin Infrastructure Partners is in talks to acquire a majority stake in smart mobility platform Matawan.
Founded in 2012, Matawan provides a platform that connects and facilitates payment for public transport.
The company currently serves more than 330 transport networks across six countries in Europe and North America and has plans expand into new geographies.
Antin, through its NextGen Infrastructure Fund I, is in exclusive talks to acquire the stake in Matawan alongside the company’s founder Jean-Paul Medioni, CEO Jérome Trédan and its management team. Once the deal is completed, Medioni is expected to take a seat on Matawan’s supervisory board.
Nathalie Kosciusko-Morizet and Nicolas Mallet, NextGen senior partner and NextGen partner, respectively, at Antin Infrastructure Partners, said: “Matawan is a great fit for our NextGen strategy. The company is perfectly positioned to become a leader in public transport by facilitating the transition to smart, intermodal and interoperable networks, benefiting from a fundamental shift in commuting patterns and the need to decarbonise mobility.”
Trédan said: “We are thrilled to have the backing of Antin as the company enters a new growth chapter. Antin is the right partner to help us consolidate our French and European leadership, allow us to accelerate our expansion in Europe and North America and execute our vision of making everyday commute easier for all, for a more sustainable future.”
Medioni said: “I am particularly proud of the work accomplished with the teams over these exciting years to promote public transport across territories through digital technology and innovation.
“I am delighted to see the Matawan project take on a new dimension with the support of Antin and a strong management team. I am very motivated by this new chapter in our history and confident in Matawan’s ability to reach new heights.”
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