“Winning Best Mid Cap Corporate Deal is a proud moment for everyone involved. This transaction reflects what Arrive stands for - building seamless mobility experiences that make daily life easier for people and help cities become more livable. We’re grateful to Proximus, Be-Mobile, and 4411 for the partnership and trust throughout the process”, says Cameron Clayton, CEO Arrive.
The Belgium M&A Awards is the annual landmark event for professionals working in M&A, corporate finance, private equity and venture capital. Arrive’s win honors a defining Belgian mid-market deal that strengthens Belgium’s everyday mobility ecosystem while supporting smarter and more livable cities. Through the acquisition, Arrive integrated a trusted national mobility service into its global digital parking and mobility platform, ensuring long-term investment, innovation, and continuity for Belgians and city partners.
Jury motivation
The sale of Be-Mobile by Proximus stands out as one of this year’s defining mid-market deals. It fits within Proximus’s broader divestment program to focus on fiber investments — and was even a cornerstone of that strategy. Adding to the complexity, the transaction was executed during a CEO transition at Proximus. The deal unfolded in two steps: first, Proximus sold its 92.7% stake in Be-Mobile for €175 million to Vitruvian and portfolio company Arrive. Then, Be-Mobile was split in two: the 4411 parking service went to Arrive, while traffic and smart city activities continued independently under CEO Jan Cools. A challenging, multi-layered process — delivered with precision and strategic clarity.