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New Deal


Announced

PSP Investments and Amber Infrastructure to acquire a 51% stake in Angel Trains from AMP Capital for £2.3bn.

Financials

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Transaction Value£2,295m
Consideration TypeCash
Capital Owned-
Capital Bid For51%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

train leasing services

Leasing

Acquisition

Pending

Friendly

Private

Majority

Private Equity

Single Bidder

Cross Border

Synopsis

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Private equity firms Public Sector Pension Investments and Amber Infrastructure, agreed to acquire a 51% stake in Angel Trains, a train asset management company, from AMP Capital, a private equity firm, for £2.3bn. “We are proud to have contributed to and supported Angel Trains’ growth over the last 13 years, including realising Angel Trains’ commitment to sustainability and clean transport through the continued acquisition of electric rolling stock. We look forward to the next phase of the company’s development, led by Angel Trains’ stellar management team, as we continue our partnership with Amber Infrastructure," Patrick Charbonneau, PSP Investments Managing Director and Head of Infrastructure.

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