I Squared’s Mohamed El Gazzar, Maxime Jacqz, Kristen Guo at Arriva - the wheels on the infrastructure bus “go ‘round and ‘round”

The podcast visits Arriva’s Palmers Green bus depot in North London and speaks with I Squared’s Mohamed El Gazzar, Maxime Jacqz and Kristen Guo about building Arriva into a pan-European transportation platform. The discussion covers entry price discipline, concessions, carve-outs and P2P deals, value creation and capex, fleet electrification, regulation and geopolitical risk, mid-market exits and broadening access to infrastructure.

1. Mohamed El Gazzar discusses patience and price discipline in infrastructure investments and professionalizing the Arriva platform.
2. Arriva London provides around 18% of London’s bus services, transporting 300 million passengers a year across 100 routes under contract to Transport for London.
3. The conversation covers how concessions work, carve-outs and P2P deals, value creation and capex plans.
4. The episode also addresses electrifying fleets and power needs, regulation and geopolitical risks, mid-market exits and democratizing infrastructure access.