DIF Capital Partners has signed a sale-leaseback agreement for the acquisition of 29 new-build and electrical multiple-unit trains with DB Regio, a subsidiary of Deutsche Bahn.
DB Regio will sell 29 multiple-unit trains (Coradia Stream HC series), manufactured by Alstom Transport Deutschland, to DIF and lease them via an initial 15-year term to operate the “Kinzigtal” concession. This will connect the German cities Frankfurt am Main, Hanau, Fulda, Bebra and Wächtersbach.
The investment will be made through DIF Infrastructure VI fund, which closed at €3.03 billion ($2.9 billion) in 2020, exceeding its €2.5 billion ($2.4 billion) target. DIF VI targets equity investments in projects and companies with predominantly long-term contracted or regulated income streams including public-private partnerships, concessions, utilities and renewable energy projects. The fund targets both greenfield and operational investments in Europe, the Americas and Australasia.