Nexrail’s Acquisition and Financing of Rolling Stock

In UK Watson Farley & Williams, advised on the matter.

Watson Farley & Williams advised Nexrail with a team including Louise Mor (Picture – Finance).

Nexrail, a new rolling stock lessor operating in Western Europe, acquired and financed its rolling stock portfolio. Backed by InfraVia Capital Partners (“InfraVia”), Nexrail will supply low-emission locomotives for unelectrified routes and is initially dedicated to the freight and shunting markets.
 
WFW advised on all aspects of the transaction, including structuring, the purchase agreements for both new build rolling stock and an existing pool of locomotives purchased by Nexrail, ongoing maintenance arrangements, the transition arrangements with Vossloh Locomotives (“Vossloh”) and the secured debt financing.
 
Nexrail’s aim is to become a leading lessor of hybrid and dual-mode traction as well as specialist locomotives and rolling stock. It has already purchased 53 shunting locomotives and ordered another 50 hybrid locomotives from Vossloh which will be available as of 2023. Nexrail’s clients are located in Germany, France, Italy, Belgium, and Luxembourg.
 
InfraVia is a private equity investor specialising in infrastructure and technology investment and has raised over €7.4bn and invested in over 35 companies across 13 European countries since 2008.
 
Based in Kiel, Germany, Vossloh is a subsidiary of China Railway Rolling Stock Corporation (CRRC) ZELC, the world’s largest manufacturer of rail vehicles.
 
The cross-border WFW Finance team advising Nexrail was led by London Partner Louise Mor (Picture), supported by Hamburg’s Managing Associate Tobias Weise and London Associate Alexander Kyriacou and working closely with Frankfurt Partner Frederik Lorenzen and Associate Alexander Piepenbrock.
 

Involved fees earner: Alexander Kyriacou – Watson Farley & Williams; Frederik Lorenzen – Watson Farley & Williams; Louise Mor – Watson Farley & Williams; Alexander Piepenbrock – Watson Farley & Williams; Tobias Weise – Watson Farley & Williams;

Law Firms: Watson Farley & Williams;

Clients: Nexrail;

Author: Giulia Di Palma