UK-based private equity firm Pamplona Capital Management has agreed a $450m deal to buy locomotive and rolling stock leasing company Beacon Rail Leasing from Mitsubishi UFJ Financial subsidiary BTMU Capital.
The London-headquartered company’s current portfolio includes 77 locomotives, 632 freight wagons and 20 passenger train units on lease across Western Europe.
It currently serves three of the top freight operators in the UK and has strong customer relationships with other locomotive and rolling stock lessees including Germany’s RheinCargo, France’s Europorte and VFLI and Norway’s CargoNet.
Pamplona partner Robert Warden said, “We are delighted to be acquiring Beacon Rail when the prospects for rail leasing in Europe have positive trends.
“Operators are increasingly leasing locomotives and rolling stock as the rail transportation market grows, driven by deregulation and a growing focus on efficient alternatives to road transportation.”
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