Press Release
K&L Gates Advises KKR on Sale of European Locomotive Leasing
6 January 2020
Frankfurt and Berlin - Global law firm K&L Gates LLP has advised leading global investment firm KKR on its sale of European Locomotive Leasing (ELL) to a consortium made up of AXA Investment Managers - Real Assets acting on behalf of its clients and Crédit Agricole Assurances.
ELL is a leading pan-European provider of leasing solutions for electric locomotives that was established in 2014 with the support of KKR’s first infrastructure fund KKR Global Infrastructure Investors. K&L Gates advised KKR on both ELL‘s formation and a series of subsequent financings for the company, with ELL since having built a fleet of more than 150 locomotives leased to over 20 customers in continental Europe under long-term contracts.
The K&L Gates team that advised KKR on the German legal structuring of the sale was led by partners Dr. Christian Büche (Frankfurt, finance) and Dr. Thilo Winkeler (Berlin, corporate/M&A) in close coordination with KKR relationship partner Dr. Frank Thomas (Frankfurt, finance). They were supported by senior associates Dr. Daniel Mösinger (Berlin, corporate/M&A) and Anne Thümmel (Frankfurt, finance), and numerous other lawyers from across the firm’s German offices, including partners Boris Kläsener and Volker Gattringer (both Frankfurt, corporate/M&A), Dr. Annette Mutschler-Siebert (Berlin, public commercial law), Dr. Friederike Gräfin von Brühl (Berlin, IP/IT) and Dr. Michael Melber (Berlin, litigation).
ELL is a leading pan-European provider of leasing solutions for electric locomotives that was established in 2014 with the support of KKR’s first infrastructure fund KKR Global Infrastructure Investors. K&L Gates advised KKR on both ELL‘s formation and a series of subsequent financings for the company, with ELL since having built a fleet of more than 150 locomotives leased to over 20 customers in continental Europe under long-term contracts.
The K&L Gates team that advised KKR on the German legal structuring of the sale was led by partners Dr. Christian Büche (Frankfurt, finance) and Dr. Thilo Winkeler (Berlin, corporate/M&A) in close coordination with KKR relationship partner Dr. Frank Thomas (Frankfurt, finance). They were supported by senior associates Dr. Daniel Mösinger (Berlin, corporate/M&A) and Anne Thümmel (Frankfurt, finance), and numerous other lawyers from across the firm’s German offices, including partners Boris Kläsener and Volker Gattringer (both Frankfurt, corporate/M&A), Dr. Annette Mutschler-Siebert (Berlin, public commercial law), Dr. Friederike Gräfin von Brühl (Berlin, IP/IT) and Dr. Michael Melber (Berlin, litigation).
K&L Gates is a fully integrated global law firm with lawyers located across five continents. The firm represents leading multinational corporations, growth and middle-market companies, capital markets participants and entrepreneurs in every major industry group as well as public sector entities, educational institutions, philanthropic organizations and individuals.
