HSH Nordbank participated as MLA in the acquisition financing for Beacon Rail

Banking, Finance, Markets, Mergers and Acquisitions, News, Rail — By on May 26, 2017 at 8:12 AM

Dr. Marcus Kleiner

HAMBURG/KIEL HSH Nordbank is participating as a Mandated Lead Arranger in providing the acquisition financing for Beacon Rail, the leading European rolling stock leasing company, making available a loan of € 87 million. The total amount of financing in the context of an M&A process is € 854 million. HSH Nordbank participated in the acquisition financing’s EUR Equivalent 624m senior bank debt together with ING, BAML, DVB, CACIB, KfW and ABN AMRO, alongside with several institutional investors, who provided EUR Equivalent 230m private notes.

Headquartered in Luxembourg with additional offices in London and Boston, Beacon Rail’s current portfolio includes 225 locomotives, over 1000 freight wagons and 55 passenger train units, 67 double decker coaches and 13 sets of five-car intercity carriages on lease in the UK, Germany, Denmark, France, Belgium, Norway, Sweden, Austria, and the Netherlands. Since its establishment in 2007, Beacon has successfully positioned itself as one of the leading European rolling stock lessors. In 2014 the Private Equity investor Pamplona Capital Management acquired Beacon from BTMU Capital Corporation and on 20th April 2017 Pamplona successfully sold Beacon to institutional investors advised by JP Morgan Asset Management.

“We proved ourselves again with this transaction as a competent lender in the European Rail sector with market expertise and strengthened our relationship with Beacon,” said Dr. Marcus Kleiner, Head of Origination Infrastructure & Rail at HSH Nordbank.

“The closing on the acquisition of Beacon marks the beginning of a new chapter for Beacon Rail. Beacon is pleased to count on the involvement of HSH Nordbank in this financing which will further support our growth,” said Ted Gaffney, Chief Executive Officer of Beacon.

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