Announced
Financials
Tags
United Kingdom
Private
Private Equity
rolling stock leasing
Friendly
Acquisition
Single Bidder
Railroad Equipment
Pending
Leasing
Minority
Railroad Rolling Stock
Synopsis
A consortium comprising Dalmore Capital and Equitix Investment Management completed the acquisition of a 33% stake in Cross London Trains, which provides transportation services, from 3i Infrastructure for £333m ($433m). “We are delighted to add XLT to our existing portfolio of rolling stock assets. Assets like XLT with unique fleet characteristics, demonstrable benefits for network users and long term visibility on returns are very attractive to our investors,” Michael Ryan, Dalmore Capital Chief Executive Officer.
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