G+T advised Anchorage Capital Partners on the sale of Rail First Asset Management (“Rail First”) to a consortium comprising Amber Infrastructure and DIF Capital Partners.
Rail First is Australia’s leading provider of full-service vertically integrated rolling stock leasing and maintenance solutions to the rail industry. Rail First operates over 1,300 locomotives and wagons and has two strategically located workshops in Islington (South Australia) and Goulburn (New South Wales) which service a blue chip customer base that is primarily focussed on the intermodal market.
G+T’s market leading Corporate Advisory team advised on all legal aspects of the transaction for Anchorage Capital Partners and Rail First.
Corporate Advisory partner Peter Cook led the matter from G+T, together with lawyers Ilona Hunnisett, Matthew Coe, and Rebecca Ryan. The Corporate team was also supported by specialists throughout the firm.
Speaking about the transaction, Peter Cook said “it was a real privilege for our team to advise and work alongside the Anchorage Capital Partners and Rail First teams in relation to the divestment of such a high quality asset and to assist them in delivering an outstanding result for all involved.”
G+T’s Corporate Advisory team, which boasts some of Australia’s leading M&A and Private Equity lawyers, has advised on many of Australia’s largest and most innovative transactions, including advising Afterpay on its $39 billion acquisition by Block, Inc (formerly Square, Inc), the largest public M+A deal in Australia’s history and the largest cross border fintech deal globally, Macquarie Infrastructure and Real Assets (MIRA) on its $2.6 billion acquisition of Bingo Industries Limited and APA on its acquisition of 100% of the senior secured debt in the Basslink Group.