A&O, Freshfields Lead Li's $3.75B British Rail Buy
Two companies controlled by Hong Kong tycoon Li Ka-shing are acquiring Eversholt Rail Group from a consortium that includes U.K. private equity funds 3i Infrastructure and STAR Capital Partners.
January 25, 2015 at 10:08 PM
2 minute read
Allen & Overy is advising companies controlled by Hong Kong tycoon Li Ka-shing, Asia's richest man, on a proposed acquisition of London-based Eversholt Rail Group for an enterprise value of $3.75 billion.
A joint venture between Cheung Kong Infrastructure Holdings Ltd. and Cheung Kong (Holdings) Ltd. is buying the rolling stock operating company from a consortium of investors that comprises U.K. private equity funds 3i Infrastructure and STAR Capital Partners, Morgan Stanley Infrastructure Partners and their co-investor PGGM NV, the Dutch asset manager.
“The rolling stock leasing business adds a new facet to our transportation business portfolio,” CKI chairman and CKH managing director Victor Li, who is Ka-shing's son, said in a statement. “Rail is poised to extend our growth momentum and generate recurring profit contributions similar to that of our other infrastructure projects.”
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