northrail sells rail repair facility in Hamburg to RAILPOOL Group

Cate­gory: Deals
18. April 2018

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.

About northrail
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.

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