AMP Capital has agreed to sell a 51 percent stake in Angel Trains, the largest rolling stock company in the United Kingdom, to a consortium consisting of PSP Investments and funds managed by Amber Infrastructure Group.
Following the transaction, the consortium members, which have held their stakes alongside AMP Capital since 2008, are increasing their ownership of the company, with PSP Investments becoming the majority shareholder.
Angel Trains has a diversified fleet of 4,300 vehicles, the majority of which are electric multiple units. The company has secured more than £1.2 billion ($1.6 billion) of new-build opportunities since 2016 and has committed to driving the decarbonization of the U.K. transport system during the shareholder base’s ownership over the past 13 years.
The management team will continue working with shareholders and stakeholders to deliver its strategy to invest in and manage innovative and sustainable rolling stock to modernize and impro
