RIVE Private Investment, an independent European investment company, is further strengthening its position in the railway sector by structuring an additional €270 million senior financing under a Growth Facility secured in October 2023 totalling €570 million raised to date.

This CAPEX facility is provided by a bank pool consisting of KfW IPEX-Bank (also acting as Facility and Security Agent), Crédit Agricole Corporate and Investment Bank, Société Générale, and Siemens Financial Services through Siemens Bank as historical lenders, alongside Crédit Industriel et Commercial, Deutsche Bank, Helaba and La Banque Postale joining the consortium.

Red German train traveling on railway tracks through nature, near a rural alley, at sunset, near Schwabisch Hall, Germany. Travel concept.

This financing will further support the growth of the RIVE/Northrail rolling stock leasing platform, enabling it to acquire over 100 additional locomotives secured under various existing framework purchase agreements signed with leading manufacturers Siemens, Alstom and Vossloh Rolling Stock. Upon their delivery, between 2025 and 2028, these electric, hybrid and dual-mode locomotives will be leased to European rail freight operators and managed by Northrail, a leading manager of rolling stock in Europe, acquired by RIVE in 2024.

This landmark financing allows RIVE to secure senior funding for the coming years and to successfully deploy its investment strategy in the railway sector. RIVE and Northrail continue supporting both their clients in renewing and growing their fleet towards a more sustainable business model, and manufacturers in the development of innovative products fostering the decarbonization of the sector.

Camille Brunel, Partner at RIVE Private Investment, said:

The rail industry holds a key position in developing sustainable mobility and transportation solutions. However, it faces significant funding demands for the renewal and growth of asset fleets, presenting an appealing opportunity for lenders and investors. This transaction with our banking partners and Northrail represents a crucial strategic milestone in expanding our portfolio of impactful transport assets.

Michael Trentzsch, Chief Investment Officer of Northrail, said:

We are delighted to continuously deliver our trusted and high-quality asset selection and management services to our valued investment partner RIVE. By leveraging our extensive experience and strong relationships with OEMs, lessees and maintenance providers, we ensure a seamless process and tangible results. This positions us to confidently provide economically robust, secure, and long-term value to RIVE and its banking partners, reinforcing our commitment to excellence in every aspect of the partnership.

This article was originally published by KfW IPEX-Bank.

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