The EQT Infrastructure II fund has agreed to sell Hector Rail Group, the largest private rail freight operator in Scandinavia, to Ancala's European Infrastructure Fund II.
EQT Infrastructure acquired the rail business in November 2014 from investment entities advised by Hoegh Capital Partners, the founders Mats Nyblom and Ole Kjorrefjord, and other minority owners, according to a 2014 announcement by EQT.
Stockholm-based Hector Rail operates a fleet of more than 100 locomotives and has a growing domestic platform in Germany, the largest rail freight market in Europe, from which it focuses on attractive niche segments, such as energy and intermodal flows.
"With the support from EQT, Hector Rail has grown by adding a range of new freight services across the Scandinavian and German rail network, and supported the growth of the European
