KKR backs ELL with early-stage funding

ELL has struck a €200m deal with Siemens to provide 50 locomotives between 2014 and 2016. More than half of the order is funded by debt financing, with KKR's global infrastructure fund providing the rest of the capital. It is the 11th investment made from the $1bn fund.

The newly formed company is based in Vienna and Munich, and already has agreements in place to provide rolling stock across Europe.

The GP stated that its decision to invest was influenced by rail traffic liberalisation in Europe and that train leasing is an area it had been considering and assessing regularly.

The news comes shortly after the opening of KKR's Madrid office, led by head of Spanish operations and EMEA infrastructure team Jesús Olmos.

Company
Formed in 2014, ELL is a provider of locomotive leasing and maintenance services based in Vienna and Munich.

People
Jesús Olmos is head of KKR infrastructure in Europe. Johannes Huth is head of KKR Europe. Christoph Katzensteiner is CEO of ELL.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH
• Infrastructure
• Early-stage
• Germany
• Austria
• KKR