6 January 2020
Clifford Chance advises Arcus on the sale of its interest in Alpha Trains
International law firm Clifford Chance has advised Arcus Infrastructure Partners, an independent fund manager focused solely on long-term investments in European infrastructure, on the indirect sale of its 41.1% interest in Alpha Trains to APG, the largest pension delivery organization in the Netherlands.
Alpha Trains provides rolling stock to train and locomotive operators under operating and finance leases, which provides train operators with the flexibility to respond dynamically and commercially to opportunities presented in the rail transport market, independent of long-term investment considerations. The Alpha Trains portfolio consists of more than 800 passenger trains and locomotives, including assets in procurement, on lease across Continental Europe (including Germany, France, Italy, Spain and Benelux) where it is the market leader amongst the privately-owned rolling stock lessors.
The deal demonstrates the strength and integrated nature of Clifford Chance's infrastructure M&A and private funds practice areas. The team comprised of infrastructure/private equity M&A Partner Toby Parkinson and Senior Associate Oliver Marcuse. The team was supported by Private Funds Partner Alexander Chester and Senior Associate Ian Ferguson.