Pete Waterman sold his business to Arriva in 2008 , which has now become a subsidiary of Deutsche Bahn .
Having accrued debts of £2M in building the business , Waterman sold it to Arriva in November 2008 , now itself a subsidiary of Deutsche Bahn . *Special Trains Unit : In 1994 during the opening stages of the privatisation of British Rail , Waterman bought the Special Trains Unit , which ran tourist charters and special trains .
Pete Waterman