Linklaters has advised leading Dutch pension investor PGGM Infrastructure Fund on its acquisition of a stake in Alpha Trains from Canadian pension fund Public Sector Pension Investment Board (PSP Investments).

Jessamy Gallagher, Global Co-Head of Infrastructure at Linklaters said:

“It has been fantastic to work with PGGM on this important acquisition. Mass transit will continue to attract investment from the markets and attention from policy makers and being one of the largest greenhouse gas emitting sectors, a transition to sustainable transport offers significant opportunities.We are delighted to have been part of this important transaction that will further strengthen clean and sustainable transport infrastructure in Europe.“

The Linklaters team was led by Jessamy Gallagher (partner), Sebastian Daub (partner) and Nicole Meyer (managing associate) . Other key members of the team included Stuart Rowson (partner), Fiona Hobbs (partner) and Nicole Kar (partner).

Alpha Trains is one of the leading rolling stock companies in Europe, providing flexible leasing solutions to train and locomotive operators across 17 European countries. Its portfolio consists of approximately 855 trains and locomotives. The majority of its fleet is electric, positioning Alpha Trains as a leader of the clean energy transition in European rail.

Linklaters has been at the forefront of the railway sector for many years, with a dedicated global railway group specialising in the full range of railway and rolling stock transactions. As a firm, it has unrivalled strength and experience on the development and project financing of international railways projects around the world.