Singaporean sovereign wealth fund GIC joins funds managed by Oaktree Capital Management in investing in Railpool’s ongoing fleet expansion and becomes a 49% shareholder in the company. The combined shareholder group will enable Railpool to continue its successful growth, enter into new business areas and selectively make acquisitions.
“We are confident that we are now ideally positioned to capture the full potential the rolling stock leasing market offers. Oaktree gave us the possibility to upgrade our operations and successfully grow our business while the additional investment of GIC is now securing the continuation of locomotive fleet expansion as well as investing in other growth markets. We are glad to have these two very strong shareholders supporting us in our next phase of development” Torsten Lehnert, CEO at Railpool says.
“We are pleased with Railpool’s progress made during the last two years in gaining market share and expanding its resources to look at several new initiatives”, said Hermann T. Dambach, Managing Director at Oaktree.
Stuart Baldwin, Head of Infrastructure at GIC added: “Railpool is a high quality business with a strong track record and a proven business model. We look forward to working closely with Railpool’s management and Oaktree, a highly respected investor and longstanding partner of GIC, to support the continued development of the company.”