Global law firm White & Case LLP has advised European rolling stock operating lessor Alpha Trains on the acquisition of 202 rolling stock assets from The Royal Bank of Scotland PLC (RBS) in a combined asset and share sale transaction.
The assets have been managed by Alpha Trains on behalf of RBS since a consortium of investors acquired Alpha Trains from RBS in 2008. The acquisition was financed by a commercial secured debt facility provided by a consortium of lenders. The passenger trains and locomotives are employed in services across Continental Europe under leasing contracts with various European train operators.
“Given the number of assets involved and the cross-border nature of the operation of the assets, both the financing and security package and the sale mechanics were particularly complex,” said White & Case partner Louise Mor. “Bringing together a team of lawyers from across seven offices demonstrates the value we are able to provide to our clients on big-ticket, pan-European transactions."
The White & Case team was led by partner Louise Mor (Paris) and supported by partners John Cunningham (London), Juan Manuel De Remedios (Madrid) and Axel Schulz (Brussels), and associates Alison Weal (London), Aden Turna (London), Julio Peralta (Madrid), David Wright (London) and Craig Steinberg (Paris).
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