northrail sells rail repair facility in Hamburg to RAILPOOL Group
Hamburg — The Paribus Group sold all shares in northrail technical service GmbH & Co. KG to a company of the Railpool Group as of April 1, 2018. At the same time, a long-term lease agreement was concluded for the target company’s operating property. Heuking Kühn Lüer Wojtek provided comprehensive legal advice to the seller companies from the Paribus Group on the conclusion of the purchase agreement and the lease agreement. The lead partner here was Dr. Christoph Froning.
northrail technical service GmbH & Co. KG has been operating successfully on the market as a workshop service provider on locomotives since 2009. It offers preventive and corrective maintenance and support for locomotive acceptance and maintenance planning with a wide range of rail vehicles. Also part of the business activity is the brokerage of rail vehicles and vehicle spare parts.
northrail GmbH (northrail) is a leading German asset manager and lessor of rail vehicles. The company was founded in 2008 and is majority-owned by the Paribus Group. The spectrum of northrail’s tasks ranges from advising on the purchase of vehicles to leasing, ongoing support for tenants, coordination of maintenance and repair, and the sale of vehicles. northrail currently manages a pool of over 125 locomotives as well as 93 passenger aircraft.
Advisors to northrail GmbH: Heuking Kühn Lüer Wojtek
Dr. Christoph Froning (Corporate Law/M&A), Hamburg
The Paribus Group is an owner-managed issuing house and asset manager active in project planning, investment, management and trusteeship in the asset classes of real estate and railroads.
Our guiding principle is to invest prudently and with foresight, to manage with commitment and, if necessary, to optimize.
— for steady earnings in the long term. The total investment volume initiated to date or for which the company is responsible within the framework of asset management currently amounts to more than two billion euros.
The Paribus Group in Hamburg includes the companies Paribus Holding, Paribus Capital Immobilien, Paribus Immobilien Asset-Management, Paribus Kapitalverwaltungsgesellschaft, Paribus Treuhand Dienstleistung, Paribus Trust and Paribus Vertrieb. Through its expertise and international network, the Paribus Group connects markets and creates sustainable value investments.