Pamplona Capital Management Purchase of Beacon Rail Leasing

Kirkland & Ellis LLP represented Pamplona Capital Management LLP, which today announced its definitive purchase agreement to acquire Beacon Rail Leasing, a UK locomotive and rolling stock leasing company from BTMU Capital Corporation, a subsidiary of Mitsubishi UFJ Financial Group.  The consideration, including commitments for firm future deliveries of locomotives is approximately $450 million. Headquartered in London with additional offices in Boston and Rotterdam, Beacon’s current portfolio includes 77 locomotives, 632 freight wagons, and 20 passenger train units on lease in the UK, France, Belgium, Norway, Sweden and Germany.

The Kirkland team includes corporate partners Mike Movsovich and Andrew Herman, and associates Benjamin Ritzo and Rebecca Guzman, debt finance partner Eric Wedel and associate Douglas Wallach and tax partners Greer Phillips and David Grenker.