Clifford Chance advises AXA Investment Managers - Real Assets and Crédit Agricole Assurances on acquisition of European Locomotive Leasing
20 December 2019
- Markus Stephanblome, , Nadine Stark, , Natalie Hemberger, , , , Olaf Mertgen, Christof Häfner, Stephen Chance, Michael Pearson, Dominic Watts, , Marc Besen, Caroline Scholke, Arne Gayk, Stefan Simon, , Peter Dieners, Ulrich Lembeck, , Claudia Milbradt,
- Frankfurt, Munich, Düsseldorf, London
Clifford Chance advises AXA Investment Managers - Real Assets and Crédit Agricole Assurances on acquisition of European Locomotive Leasing
International law firm Clifford Chance has advised AXA Investment Managers - Real Assets (“AXA IM”), acting on behalf of its clients and Crédit Agricole Assurances on the legal and tax aspects of the acquisition of ELL (European Locomotive Leasing). The seller is KKR. Clifford Chance also provided advice on a platform financing of the acquisition and further growth.
AXA IM is a wholly-owned subsidiary of AXA Group, Crédit Agricole Assurances a wholly-owned subsidiary of Crédit Agricole S.A.
Founded in 2014 with financing from KKR, ELL leases more than 150 Siemens Vectron locomotives to over 20 customers across Continental Europe.
The international Clifford Chance team advising AXA IM and Crédit Agricole Assurances comprised partners Markus Stephanblome and Kerstin Kopp, associates Nadine Fell, Arian Nazari-Khanachayi and Natalie Hemberger (all Corporate/M&A, Frankfurt); partner Barbara Mayer-Trautmann, senior associates Alexander Lang and Jennifer Seipelt (all Acquisition Finance, Munich); partner Olaf Mertgen (Tax, Frankfurt); partners Christof Häfner, Stephen Chance (both Frankfurt) and Michael Pearson (London), senior associate Dominic Watts (London) and associate Gregor Zymek (Frankfurt, all Project Finance); partner Marc Besen, senior associate Caroline Scholke and associate Arne Gayk (all Antitrust, Düsseldorf); partner Stefan Simon (Frankfurt) and associate Mario Maier (Munich, both Employment); partner Peter Dieners, of counsel Ulrich Lembeck and associate Magdalena Thole (all Corporate, Düsseldorf) as well as partner Claudia Milbradt and associate Günter Barth (both IP, Düsseldorf).