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WFW advises the shareholders of Ascendos on the sale of their entire stake to Beacon Rail Leasing

18 May 2016

EN | FR

International law firm Watson Farley & Williams (“WFW”) is advising BBSFF EU Rail Lessor Limited (a subsidiary of Global Investments Limited), BOSSAF Rail Limited and Everest Babcock & Brown Opportunities Fund in connection with the sale of Ascendos Investments Limited (“Ascendos”), a European locomotive and rolling stock leasing company, to Beacon Rail Leasing, a Pan-European rolling stock lessor owned by Pamplona Capital Management. The transaction, which is expected to close during the second quarter of 2016, is subject to antitrust approval in Germany, as well as the satisfaction of other customary conditions.

Headquartered in Luxembourg, Ascendos has a portfolio of locomotives and freight wagons on lease in Belgium, the Netherlands and Germany, passenger train units on lease in Germany, and double decker coaches on lease in Denmark.

The WFW global team was led by Paris-based corporate partner Arnaud Félix and finance partner Alexia Russell, assisted by associates Majda Dabaghi, Charles-Douglas Fuz and Doris Cayon (WFW Paris – M&A), James Turner, Lucy Todd (WFW Paris – Finance), partner Frederik Lorenzen (WFW Frankfurt – Finance), partner Richard Stephens (WFW London – Tax), partner Asha Kumar (WFW London – Employment) and partner Christine Bader (WFW Hamburg – Antitrust).

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