Hogan Lovells has advised AXA Investment Managers on their c. £230 million acquisition of John Laing’s 15% stake in Agility Trains West.
As part of the InterCity Express Programme (IEP) Phase 1, Agility Train West will finance, own, maintain and make available to the Great Western main line train operator a 57 strong fleet of InterCity Express Trains. The trains will be built and maintained through a sub-contract by Hitachi Rail Europe.
Established in 2012, Agility Trains works in partnership with the department for transport in developing the Intercity Express Programme to replace Britain’s ageing fleet of Intercity trains.
AXA Investment Managers S.A. primarily provides its services to institutional investors, distributors, and the AXA Group insurance companies. The company, led by John Porter, Mark Beveridge, Heidi Ridley, Laurence Boone and Isabelle Scemama, the firm operates as a subsidiary of AXA SA.
The Hogan Lovells team advising AXA was led by London Infrastructure and Energy partner Philip Brown (Picture), with counsel Florian Agnel and associate Ben Fleet.
Law Firms: Hogan Lovells;
Clients: AXA Investment Managers;