Bryan Cave Leighton Paisner LLP Leads Advisory Role in £250m Rolling Stock Deal
Deal News | Dec 18, 2024 | Bryan Cave Leighton Paisner LLP
International law firm Bryan Cave Leighton Paisner LLP (BCLP) has played a key advisory role in a significant £250 million rolling stock investment, marking one of the largest deals in the UK rail sector this year. The firm advised asset manager Angel Trains in procuring 14 new 5-car Hitachi Class 80x trainsets for lease to FirstGroup. These trains will service new and existing routes including London to Carmarthen, Hull Trains, and Lumo services. The deal secures jobs at Hitachi's Newton Aycliffe plant, underpinning regional economic and skill growth. The swift deal completion within three months highlights the efficiency of private sector funding in UK rail infrastructure. The BCLP team was led by Russell Clifford, showcasing the firm's adeptness in managing complex rail transactions.
Sectors
- Transportation
- Legal Services
- Finance
Geography
- United Kingdom – The location of the rolling stock investment and the site of Hitachi's facility, impacting the UK rail sector and regional economy.
Industry
- Transportation – This sector encompasses the procurement of rolling stock such as trains, which is central to the article.
- Legal Services – The legal advisory role played by Bryan Cave Leighton Paisner LLP in facilitating the transaction.
- Finance – Involves financial deal structuring for rolling stock procurement and lease agreements.
Financials
- £250 million – Total value of the rolling stock investment deal.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bryan Cave Leighton Paisner LLP | Legal Advisor | Company | International law firm advising on the rolling stock investment. |
| Angel Trains | Asset Manager | Company | One of the largest owners and asset managers of passenger rolling stock in the UK. |
| FirstGroup | Lessee | Company | Transport group leasing the new Hitachi trainsets for its UK routes. |
| Hitachi | Manufacturer | Company | Manufacturer of the Class 80x trainsets, with a facility at Newton Aycliffe. |