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Northleaf Capital Partners Acquires Majority Stake in Uber Boat by Thames Clippers.

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MANews-(C)2009-2022

Canadian private markets investment firm Northleaf Capital Partners has acquired a majority interest in UK-based river boat service Uber Boat by Thames Clippers from US-based sport and live entertainment company AEG, the firm said.

Uber Boat by Thames Clippers, London's fourth mode of transportation, is integrated into the Transport for London network with a shared ticketing system and a diverse ridership base.

It operates a fleet of 21 purpose-built vessels, supported by pier network and dry-dock facilities and has a 20-year track record of organic growth through route and fleet expansion.

Northleaf's acquisition brings new investment to support Uber Boat by Thames Clippers' plans to deliver sustainable growth, enhanced infrastructure and greater economic development on and around the River Thames.

The news follows the recent announcement that Uber Boat by Thames Clippers is building the UK's first hybrid high speed passenger ferries, set to launch in autumn 2022.

The hybrid design will allow the new vessels to operate solely on battery power while transporting commuters and sightseers along its route on the River Thames. The vessels will recharge outside of central London using biofuelled power.

Northleaf Capital Partners is a global private markets investment firm with more than USD 19bn in private...

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