Bryan Cave Leighton Paisner advises Angel Trains on rolling stock company
Readypower Group is a specialist rail and infrastructure service provider in the north and south of the UK and Scotland
By : Legal Era
Update: 2022-02-04 03:30 GMT
Bryan Cave Leighton Paisner advises Angel Trains on rolling stock company
Readypower Group is a specialist rail and infrastructure service provider in the north and south of the UK and Scotland
International law firm Bryan Cave Leighton Paisner (BCLP) has advised Angel Trains on its acquisition of specialist rail and infrastructure service provider Readypower Group. This unites two complementary businesses focused on supporting the UK rail network.
Commenting on the deal, Russell Clifford said, "We are delighted to work with our longstanding client Angel Trains on this latest acquisition and be part of the company's continued growth and ongoing investment in the rail industry."
Angel Trains is one of Britain's leading rolling stock asset managers. The company works with all the key UK rail industry stakeholders. It provides innovative and sustainable funding solutions to modernize and improve the rolling stock fleet.
Readypower provides specialized on-track plant equipment as well as civil engineering, drainage, haulage and operating services to the rail sector.
Since 1994, Angel Trains has invested £5 billion in new rolling stock and refurbishment programs. The acquisition continues its commitment to investing in rail assets.
Partner Jinal Shah (corporate transactions) led the BCLP's multi-disciplinary team, while partner Russell Clifford (client relationship and finance transactions) and regional leader (Europe, Middle East, Africa) handled the Angel Trains group.
They were supported by colleagues across corporate and finance transactions, real estate, employment, tax, environmental, pensions and technology & commercial.