Simpson Thacher is representing DigitalBridge and Aberdeen Investments in the combination of ZEMobility and VGMobility, creating one of the largest sustainable transportation platforms globally, with over 5,400 buses deployed across Latin America.
The transaction involves a combination of ZEMobility, an electric bus platform with 2,800 vehicles across Colombia and Chile jointly owned by DigitalBridge and Aberdeen Investments, and VGMobility, a similar platform with 2,600 vehicles across the same geographies. The combined platform comprises 16 concessions across Colombia and Chile and provides social infrastructure to transport authorities in Bogotá and Santiago under long-term, government-backed and availability-based lease contracts. The platform will continue operating under the ZEmobility brand, whilst incorporating incremental VGMobility functions, solidifying the company’s position as the leading public transport decarbonization platform in Latin America with more than 5,400 vehicles.
The Simpson Thacher team includes Gabriel Silva, Jiaying Zhang, Gabriela Astolphi, Carina Brown, Diogo Morgado Filipe and Neharika Goyal (M&A/Infrastructure); and Andrew Purcell, Paul Jansch, Ruoxi Zhang and Madelin Finn (Tax).