APG has acquired an indirect 41.1% interest in Alpha Trains, the leading passenger train and locomotive leasing company in Continental Europe, from Arcus European Infrastructure Fund 1 (AEIF1).
Alpha Trains provides rolling stock to train and locomotive operators under operating and finance leases, which provides train operators with the flexibility to respond dynamically and commercially to opportunities presented in the rail transport market, independent of long-term investment considerations. The Alpha Trains portfolio consists of more than 800 passenger trains and locomotives, including assets in procurement, on lease across Continental Europe (including Germany, France, Italy, Spain and Benelux) where it is the market leader amongst the privately-owned rolling stock lessors. The majority of the fleet is electric, making a significant contribution to the decarbonization of Europe’s transport sector.
AEIF1 and Alpha Trains participate in the annual GRESB survey – a leading Environmental, Social and Governance (ESG) benchmark for infrastructure investments across the world – and have been ranked first among their peers in the global diversified infrastructure funds and rolling stock asset class categories, respectively.
APG was advised by Deutsche Bank.