Law firm, Stevens & Bolton, has advised Rock Rail, the investor-developer of rolling stock and other rail infrastructure, on its equity co-investment alongside Infracapital in the second transaction under their new German rolling stock investment platform.
The transaction involved the financing of trains for Lot 2 of the Leipzig Central German S-Bahn Network 2025+ (MDSB 2025+) and follows previous advice on Lot 1, which closed in December 2023.
This new project secured equity and debt financing for the purchase and leasing to Die Länderbahn GmbH (part of the Netinera Group of Companies in Germany) of a fleet of 41 Siemens Mireo 3-car trains, further supporting Germany’s growing demand for sustainable transport.
Richard Baxter, Corporate Partner, commented: “We were delighted to support the Rock Rail team on another European rail rolling stock investment with Infracapital.”
The Stevens & Bolton team was led by Richard Baxter and James Floyd (corporate), supported by Andrew Dodds and Luke Fahy-Spada (banking). Rock Rail was advised on project financing by Clifford Chance (London and Frankfurt) and on commercial by K&L Gates (Frankfurt). Other legal advisers included Allen & Overy (for Infracapital) and CMS (for the lender, MEAG).
