A global consortium including Alberta Investment Management Corporation ("AIMCo"), Allianz Capital Partners ("ACP"), EDF Invest and Hastings Funds Management ("Hastings") completed the acquisition of Porterbrook Rail Finance Limited (Porterbrook), the UK rolling stock company.
Porterbrook is one of three main rolling stock companies (ROSCOs) in the UK that owns and leases a fleet of passenger and freight rolling stock to Train Operating Companies and Freight Operating Companies under long term contracts. It owns 32 per cent of total passenger rolling stock in the UK.
"We are excited by the growth opportunities Porterbrook presents. With continued urbanisation, rail passenger demand is expected to increase further, which will drive continued demand for existing and new rolling stock", said the Consortium. "Porterbrook fits well with our investment strategies as long-term investors."
Further information
10/13/14: AIMCo, Allianz and Hastings Successfully bid for Acquisition of Porterbrook