DIF Capital invests €82m in Touax Rail

The GP is currently investing from its DIF Core Infrastructure Fund II, a 2019-vintage vehicle that invests in small and medium-sized infrastructure assets, buy-and-build portfolios and companies in Europe, North America and Australasia.

Touax SCA, the French leasing company, will hold 51% of the business.

The proceeds will be used to buy out minority shareholders in two special purpose companies owning 4,000 platforms and in Touax Rail India, as well as to finance the Touax Rail growth by acquiring new wagons. Additionally, the funding will be used to repay some inter-company loans to Touax SCA.

The transaction is expected to close by Q3 2020 and is subject to approval by German authorities.

Company
Founded in 1955 and headquartered in Clonee, Touax Rail is a manufacturer and distributor of rolling stock railroad equipment, and a subsidiary of Touax SCA, the French leasing company. Touax Rail offers a fleet of wagons and different operational and financial services, including entity in charge of maintenance.

Touax SCA leases out tangible assets, such as freight railcars, river barges and containers worldwide. It is listed on the Euronext stock market in Paris.

People
Touax SCA – Fabrice Walewski (general partner, CEO).
DIF Capital Partners – Carl Jobst von Hoersten (partner).

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