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New Deal


Announced

Dalmore Capital and Equitix completed the acquisition of a 33% stake in Cross London Trains from 3i Infrastructure for £333m.

Financials

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Transaction Value£333m
Consideration TypeCash
Capital Owned-
Capital Bid For33%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Private

Private Equity

rolling stock leasing

Friendly

Acquisition

Single Bidder

Railroad Equipment

Pending

Leasing

Minority

Railroad Rolling Stock

Synopsis

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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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