Anchorage Capital Partners, a specialist Australian private equity firm, completed the acquisition of CF Asia Pacific, a full-service rail leasing business in Australia. Financial terms were not disclosed. "CFAP has been impacted by the drought in Australia as well as the slowdown in mining activity. This presented ACP with an opportunity to leverage CFAP’s market position and high-quality asset base to increase utilisation as market conditions improve and significant committed infrastructure projects come online, including multi-modal terminals. ACP will also apply its best practice process and operational efficiency program to drive sustainable earnings growth," ACP.