7 February 2019
Clifford Chance advises Dalmore and Equitix on their proposed acquisition of a stake in Cross London Trains from 3i Infrastructure
International law firm Clifford Chance is advising a consortium comprising funds advised by Dalmore Capital and Equitix Investment Management, on its proposed purchase of a 33.33% stake in Cross London Trains Holdco 2 Limited (XLT) from 3i Infrastructure Plc.
Established in 2011, XLT is one of the largest single rolling stock fleets in the UK, which owns and maintains 115 Siemens Desiro City Class 700 trains for the Thameslink passenger rail franchise.
The Clifford Chance team is led by London based Partners Nicholas Rees and Ranbir Hunjan, who were supported by Infrastructure Partner Michael Pearson and Senior Associates Dominic Watts and James Lloyd-Thomas.
Clifford Chance has a strong track record in advising a broad range of infrastructure transactions. Most recently, the firm advised: leading European infrastructure investor Infracapital on its investment in SSE Enterprise Telecoms and its joint venture with SSE, and Institutional Infrastructure Investors, the investment fund managed by JP Morgan Asset Management, of the purchase of controlling stake in North Sea Midstream Partners from Kuwait Investment Authority.