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Transactions - AUGUST 11, 2020

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DIF Capital Partners to take 49% stake in Touax Rail

by Kali Persall

DIF Capital Partners has agreed to pay €81.9 million ($96.3 million) for a 49 percent stake in European rail freight leasing company Touax Rail Ltd. The seller was the Touax Group.

The investment, which was made on behalf of the DIF Core Infrastructure Fund II, will enable Touax Rail to accelerate the development of its long-term leasing activities of freight wagons.

Touax Rail offers tailor-made and environmentally friendly solutions for leasing rail equipment, such as intermodal, car carrying, hopper, box and tank wagons. The company offers a variety of services, such as leasing, sale and maintenance of freight railcars.

Touax Rail has a fleet size of 6,930 owned platforms and 4,080 managed platforms. DIF said its latest investment will be primarily used to buy out minority shareholders and finance the acquisition of new wagons.

“This transaction is a unique investment providing exclusive access to the attractive railcar market,” said Carl Jobst v

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