HAMBURG, Germany, April 27, 2017 /PRNewswire/ --
Paribus-Group's rail-asset-management company northrail GmbH (northrail) has taken over the asset-management of a portfolio of 26 Vossloh heavy shunting diesel locomotives from Amsterdam-based locomotive leasing company Mitsui Rail Capital Europe B.V. (MRCE).
In an overall transaction co-arranged by Paribus Capital GmbH and Paris-based RIVE Private Investment, a total portfolio of 32 Vossloh heavy shunting diesel locomotives was purchased from MRCE by RIVE Rail Leasing Limited (RRL). RRL is an Irish leasing platform and a joint venture between investors advised by Rive Private Investment, northrail and the French railcar lessor Millet Waggons, which has taken over the asset-management of six locomotives.
The senior debt was structured and provided by Frankfurt-based KfW IPEX-Bank GmbH.
Hamburg based northrail GmbH (northrail) is a leading German asset-manager of rail vehicles. It is majority owned by the Paribus-Group and was set-up in 2008. northrail provides asset-management services to investors investing into rail-assets, such as sourcing assets, supervising the manufacturing process of new-built vehicles, assuming the hand-over and return of assets, performing the remarketing, re-leasing and sales and handling the whole maintenance and repair process of the assets. Including the new portfolio taken over from MRCE, northrail manages over 125 locomotives as well as 90 passenger wagons. More details: http://www.northrail.eu
The Hamburg based Paribus-Group structures, arranges and manages commercial real-estate and rail-asset investment opportunities for private and institutional investors. The total transaction volume of asset-investments the Paribus-Group has so far arranged and/or managed amounts to approximately EUR 2.7 billion. More details: http://www.paribus.de.
About RIVE Private Investment
RIVE Private Investment (RIVE) is an independent investment firm, created in 2013 and based in Paris, Geneva, Luxembourg and Hamburg. RIVE provides institutional investors and family offices with flexible and customized investment solutions across Europe and North America focusing on renewable energy infrastructures, tangible assets and mezzanine debt investments. To date RIVE has invested on behalf of its investors close to EUR 1.7 billion in the above mentioned asset-classes it is focusing on.
More details: http://www.rive-investment.com
About KfW IPEX-Bank
Within KfW Group, KfW IPEX-Bank GmbH is responsible for international project and export finance. It offers medium and long-term financing to support key export industries, to develop economic and social infrastructure and to fund environmental and climate protection projects. KfW IPEX-Bank operates as a legally independent group subsidiary. It is represented in the most important economic and financial centres across the globe. More details: http://www.kfw-ipex-bank.de
Reprint of this press release permitted. File copy requested.
Corporate and press information:
Dr. Volker Simmering, Managing Director
northrail GmbH, König Kontor| Königstraße 28, D-22767 Hamburg
Phone: +49(0)40-88-88-00-6-160, Fax: +49(0)40-88-88-00-6-199
SOURCE northrail GmbH