Oaktree Capital exits Railpool
Germany-based investment firm Palladio Partners has acquired a 25% stake in railcar leasing company Railpool from Oaktree Capital.
Funds managed by Palladio and the Singaporean sovereign wealth fund now each hold 50% in the company.
Previous funding
HSH Nordbank and KfW Ipex-Bank founded Railpool as a joint venture in 2008, each holding a 50% stake in the company.
Oaktree wholly acquired the company in 2014 and partially exited the company in 2016 to GIC. The sovereign wealth fund acquired 49% of the company.
In December 2018, Railpool extended its existing financing and secured additional funds amounting to more than €800m. Crédit Agricole CIB, Generali Global Infrastructure and Schroders were among the institutional investors in the private placement.
Company
Railpool was founded in 2008 and offers operating leases, insurance and maintenance services for railcars. The company is based in Munich and operates in 14 European countries. The company owns more than 400 electric locomotives.
Company
Oatree Capital – Hermann Dambach (managing director).
Railpool – Torsten Lehnert (managing director).
Adviser
Acquirer – P+P Pöllath + Partners (legal).
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