APG’s Acquition Of Arcus Infrastructure Partners’ Interest In Alpha Trains


Clifford Chance has advised Arcus Infrastructure Partners, an independent fund manager focused solely on long-term investments in European infrastructure, on the indirect sale of its 41.1% interest in Alpha Trains to APG.

Alpha Trains provides rolling stock to train and locomotive operators under operating and finance leases, which provides train operators with the flexibility to respond dynamically and commercially to opportunities presented in the rail transport market, independent of long-term investment considerations. The Alpha Trains portfolio consists of more than 800 passenger trains and locomotives, including assets in procurement, on lease across Continental Europe (including Germany, France, Italy, Spain and Benelux) where it is the market leader amongst the privately-owned rolling stock lessors.

Arcus is an independent infrastructure fund manager focused on telecoms, transport and energy, exclusively in the European market.

APG is the largest pension delivery organization in the Netherlands.

The Clifford Chance team comprised of infrastructure/private equity M&A Partner Toby Parkinson (Picture) and Senior Associate Oliver Marcuse. The team was supported by Private Funds Partner Alexander Chester and Senior Associate Ian Ferguson.

Involved fees earner: Alexander Chester – Clifford Chance; Ian Ferguson – Clifford Chance; Oliver Marcuse – Clifford Chance; Toby Parkinson – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Arcus Infrastructure Partners;