AXA Investment Managers – Real Assets , a global leader in real assets investment acting on behalf of its clients, alongside Crédit Agricole Assurances, announces the acquisition of European Locomotive Leasing from global investment firm KKR. This acquisition will grow AXA IM – Real Assets’ infrastructure equity platform.
ELL, a pan-European provider of electric locomotive leasing solutions, owns and maintains a market leading fleet of over 150 locomotives that are leased to over 20 customers across Continental Europe in countries including Austria, Germany and Switzerland, providing economical and ecological freight transportation. The fleet, which is one of the newest and most flexible in Europe, is equipped with the European Train Control System supporting trans-EU movements. Moreover, ELL has a trans-national network of spare parts and maintenance depots located close to customers to ensure high availability and rapid repairs.
AXA IM – Real Assets launched its infrastructure platform in 2013 to offer its clients a diversified real assets portfolio in line with its 360° approach to investing into the four key areas of direct property and infrastructure investments, and private and listed debt. Following completion of this transaction, AXA IM – Real Assets’ infrastructure business spanning debt and equity, managed on behalf of clients, will stand at €8 billion(2), with equity surpassing €1.5 billion.
Source : Company