Hogan Lovells advises Literacy Capital and management on transaction to sell and re-invest into Velociti Solutions

Velociti is a leading software provider to the bus and rail sectors in the UK and internationally. The business delivers mission-critical operational and performance management software to public transport operators, helping drive efficiency, compliance, and data-driven decision making.

The transaction values Literacy Capital’s stake at £51.4 million, representing a 52% premium to the carrying value as at 31 March 2025. A significant portion of proceeds has been re-invested alongside CBPE Capital, allowing Literacy Capital to retain a meaningful minority interest in the business.

This marks the first investment from CBPE Capital’s recently raised £714 million fund and supports Velociti’s continued growth strategy under the leadership of Jeff Hewitt and Carly Wilson.

The Hogan Lovells team was led by London-based partner James Cross, with support from partners Karen Hughes, Ed Bowyer and Francis Booth, counsel Tom Eyre-Brook and associates James Scott, Andrew Poole, Sebastian Pell, Imtiyaz Chowdhury and Gordon Kang.

Commenting on the transaction, partner James Cross said: “We are delighted to have advised Literacy Capital on this significant and successful transaction. The deal reflects both the strength of Velociti’s platform and Literacy’s commitment to supporting long-term value creation.”