Consortium Buys HSBC Rail Unit in UK

09 November 2010


The consortium Eversholt Investment Group has signed an agreement to acquire Eversholt Rail Group from HSBC Holdings subsidiary HSBC Asset Finance (UK).

The companies in the consortium include 3i Infrastructure, Morgan Stanley Infrastructure Partners and STAR Capital Partners.

The transaction values Eversholt's gross assets at about £2.1bn ($3.9bn) and the consortium will fund the acquisition through a combination of equity and debt, of which 3i will contribute about £176m ($284.9m) in equity.

The deal is expected to close by the end of 2010.

Eversholt Rail Group is one of the UK's three rolling stock companies and owns about 29% of the British rail fleet.


Post to:

Newsletter Sign-Up
For all the latest news in the rail industry, sign up here

Home
New On This Site
Products & Services
Company A-Z
Industry Projects
Features
White Papers
Jobs & Careers
Industry News
Gallery
Events & Exhibitions
Newsletter Sign-Up
Advertise With Us
About Us
Client Area


RSS What is RSS
The website for the railway industry