26 October 2016
McCann FitzGerald advises Touax Rail on financing and acquisition of €56m railcar portfolio
We advised Touax Rail and TX Rail Finance 4 Limited on the purchase by TX Rail Finance 4 Limited of a €56 million European railcar portfolio of 1,335 freight wagons. KfW IPEX-Bank and DVB Bank will provide senior debt for the deal in equal parts, with the equity being provided by Touax Investment S.C.A., SICAV-SIF, an open ended Luxembourg investment fund which will allow qualified and professional investors to benefit from investing in equity in this transaction. Touax Rail will be acting as operating partner for the fund and will manage the railcars.