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Announced

HICL to acquire a minority stake in Cross London Trains from Equitix.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Minority

Railroad Rolling Stock

Leasing

Railroad Equipment

United Kingdom

Domestic

Private

Private Equity

Pending

Single Bidder

Synopsis

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HICL, a closed-ended investment company managed by InfraRed Capital, agreed to acquire a minority stake in Cross London Trains, a public private partnership that owns the recently delivered fleet of rolling stock, from Equitix, an investment company. Financial terms were not disclosed. "Cross London Trains is one of the largest rolling stock fleets in the UK. Its electrified trains are modern and efficient, sustainably serving the needs of commuting and leisure travellers alike. This investment further contributes to the delivery of HICL's vision to connect communities through investments in core infrastructure, while delivering long-term income to shareholders," Edward Hunt, InfraRed Head of Core Income Funds.

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