Announced
Financials
Sources
Tags
Private Equity
Pending
Acquisition
Domestic
railway equipment
Machinery: Specialty
Minority
Private
United Kingdom
Friendly
Single Bidder
Synopsis
Dalmore Capital, an independent fund management company, and Generation Capital, an investment firm, agreed to acquire a 30% stake in Porterbrook, a provider of railway vehicle rolling stocks and associated equipment leasing service, for $618m. “We are delighted to welcome Dalmore Capital and Generation Capital as new investors in Porterbrook. We look forward to their support and partnership in the years ahead as we continue to grow and innovate the business, in particular, developing sustainable technologies that help the UK rail sector meet its decarbonisation targets," Mary Grant, Porterbrook CEO.
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