Railpool expands shareholder group for future growth
Munich, 23.02.2016 - Railpool, one of the leading European leasing companies for electric locomotives, is setting the course for future growth with GIC becoming an additional shareholder.
GIC, Singapore’s sovereign wealth fund, joins funds managed by Oaktree Capital Management, L.P. (“Oaktree”) in investing in Railpool’s ongoing fleet expansion and becomes a 49% shareholder in the company. The combined shareholder group will enable Railpool to continue its successful growth, enter into new business areas and selectively make acquisitions.
“We are confident that we are now ideally positioned to capture the full potential the rolling stock leasing market offers. Oaktree gave us the possibility to upgrade our operations and successfully grow our business while the additional investment of GIC is now securing the continuation of locomotive fleet expansion as well as investing in other growth markets. We are glad to have these two very strong shareholders supporting us in our next phase of development” Torsten Lehnert, CEO at Railpool says.
“We are pleased with Railpool’s progress made during the last two years in gaining market share and expanding its resources to look at several new initiatives”, said Hermann T. Dambach, Managing Director at Oaktree.
Stuart Baldwin, Head of Infrastructure at GIC added: “Railpool is a high quality business with a strong track record and a proven business model. We look forward to working closely with Railpool’s management and Oaktree, a highly respected investor and longstanding partner of GIC, to support the continued development of the company.”
Railpool was founded in 2008 to focus on leasing of railway vehicles, mainly locomotives with full service to rail operators. In the meantime, Railpool has become one of the leading suppliers in the European market. Currently, Railpool leases 140 locomotives to various rail operators in Europe and has another 40 locomotives on order.
GIC is a leading global investment firm with well over US$100 billion in assets under management. Established in 1981 to secure the financial future of Singapore, the firm manages Singapore’s foreign reserves. A disciplined long- term value investor, GIC is uniquely positioned for investments across a wide range of asset classes, including real estate, private equity, infrastructure, equities and fixed income. GIC has investments in over 40 countries and has been investing in emerging markets for more than two decades. Headquartered in Singapore, GIC employs over 1,200 people across 10 offices in key financial cities worldwide. For more information on GIC, please visit www.gic.com.sg
Oaktree is a leading global alternative investment management firm, with $97 billion in assets under management as of December 31, 2015. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 17 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com