Sun, Mar
48 New Articles

Schoenherr Advises ERR on Partnership with Antin

Schoenherr Advises ERR on Partnership with Antin

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Schoenherr has advised European Rail Rent on its partnership with new co-shareholder Antin Infrastructure Partners. Bird & Bird advised ERR in Germany, while Freshfields Bruckhaus Deringer advised Antin on the deal.

Financial details were not disclosed. Closing is expected by the end of 2021, pending regulatory approval.

ERR is an asset manager for rail freight cars and is currently solely owned by its co-founders Rainer Kunze and Jurgen Bauer. Antin is an independent private equity firm focused on infrastructure investments.

According to Antin, "ERR, with the support of Antin, will invest in an efficient and modern wagon fleet and thus make a meaningful contribution to the decarbonization efforts in Europe. Rail is a safe and sustainable transport solution that uses six times less energy than road transport and has almost nine times lower greenhouse gas emissions. Shifting transport from road to rail thus supports the energy transition, with political support and infrastructure developments driving this trend."

Schoenherr’s team included Partner Miriam Simsa and Attorneys Michael Stimakovits and Philipp Kalser.

Our Latest Issue