Public Passenger Train Pools

In Germany a few Public Transport Authorities (PTAs) decided to become owners of the rolling stock for their domestic public transport services. This differs from the more standard approach to force the train operator to provide the trains and where many use ROSCOs to procure, finance and own these trains (majority in the UK, smaller and decreasing portion in Germany)

Whilst PTAs may benefit from sovereign ratings and can raise debt at lower cost, most setups are rather complex as such a guarantee is not directly available. Apex Rail tries to seek financing terms close to public risk and in compliance with the financing terms set out by the PTAs
SCOPE OF WORK
TYPICAL SCOPE OF WORK FOR PUBLIC PASSENGER TRAIN POOLS
Reviewing the regulatory environment within a PTA is allowed to finance their trains, which requires often collaboration with public procurement lawyers etc
Structuring the Financing around these conditions by seeking a strong credit and asset story despite a lack of direct recourse/guarantees to the public risk
Financing Auction using an Information Memorandum and/or Term Sheet
Evaluation
Supporting the approval process
Supporting documentation and negotiation process until financial closing
Interested in advice on public passenger train pools?
We in the Apex Rail team will do our best. Please contact us →
RELATED CASE STUDIES
OTHER SERVICES
FINANCIAL ADVISORY
• STRUCTURING AND ARRANGING OF DEBT AND/OR EQUITY FOR ROLLING STOCK AND DEPOT FINANCINGS
• TRANSACTION STRUCTURING AND MANAGEMENT
• DEVELOPMENT OF OPERATING LEASE PLATFORMS AND ROLLING STOCK POOLS FOR PRIVATE INVESTORS OR PUBLIC TRANSPORT AUTHORITIES
• FINANCIAL MODELLING (REVIEW, DEVELOPMENT, MANAGEMENT)
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BUSINESS ADVISORY
• FINANCIAL MODELLING (REVIEW, DEVELOPMENT, MANAGEMENT)
• DUE DILIGENCE SUPPORT FOR M&A TRANSACTIONS
• MARKET ENTRY SUPPORT
• BUSINESS DEVELOPMENT SUPPORT
• PROMOTE GREEN TECHNOLOGY AIMED TO INVESTORS
• PROVIDE 2ND OPINION ON ASSET VALUATIONS, LEASE RATES AND MARKET POTENTIAL
• DEVELOPING WHOLE LIFE COST MODELS FOR ROLLING STOCK ASSETS
• PREPARATION OF DESKTOP STUDIES (IN RELATION ROLLING STOCK FINANCING OPTIONS)
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INVESTMENT MANAGEMENT
• PROJECT MANAGEMENT
• LEASE & ASSET MANAGEMENT
• CONTRACT MANAGEMENT
• COMPLIANCE REPORTING
• REMARKETING SERVICES
• ASSET VALUATION AND TECHNICAL AUDITS
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OUR TEAM
THE TEAM DEVELOPS, STRUCTURES AND ARRANGES COMPLETE FINANCING SOLUTIONS FOR RAIL OPERATORS, PUBLIC TRANSPORT AUTHORITIES, INVESTORS AND MANUFACTURES.

CHRISTIAN FORSTER

Managing Director & Founding Partner

Linkedin Profile →
  • Head of sales support finance for a major rail manufacturer
  • Developing financing solutions in Public-Private-Partnership projects for rolling stock and rail infrastructure
  • 10 years commercial banking experience, heading rail and infrastructure financing teams
  • Co-initiator + Advisory Board member of Railpool in 2009 and operating lease experience with ROSCOs
  • Led large debt financings from freight rail cars to high speed trains until 2015
Email: cforster@apex-rail.com
T: +41 41 220 24 51
M: +41 78 720 55 33

MARKUS FRÖHLICH

Managing Director & Founding Partner


Linkedin Profile →

  • International Sales and Project Management of rolling stock for Siemens Transportation
  • Developing and implementing operating and financial lease solutions for various rail asset classes across Europe incl. senior management roles in Angel Trains UK and Societe Generale
  • Setting up a new rail finance advisory business in 2012 leading to extensive track record as financial advisor and asset manager for a wide range of rail transactions accross Europe
Email: mfroehlich@apex-rail.com
T: +41 41 220 24 57
M: +41 78 759 11 70

MARTIN METZ

Managing Director & Partner


Linkedin Profile →

  • 30+ years in the banking industry
  • Global Head of Land Transport Finance, covering passenger and freight rail plus rail related asset finance clients in Europe, North America, and Australia
  • Set up and initiated a platform, incl. two international front office lending teams, asset research, advisory, equity and credit risk functions
  • 20+ years track record with prominent and award-winning transactions, and a debt portfolio of up to €3.5bn
Email: mmetz@apex-rail.com
T: +41 41 220 24 52
M: +49 173 6511 958

BART VAN HORSSEN

Associate Director & Partner

Linkedin Profile →

  • Set-up, financing and management of single fleet SPV financing for German DMUs in Dublin
  • Successfully leading process to divest part of leasing portfolio by sale to European infrastructure fund
  • Negotiations of a sale-and-lease back of NS Locomotive portfolio
  • Contract management of lease agreements and purchase agreements for passenger rolling stock
  • Project management experience by on-time delivery of DMU fleet
Email: bvanhorssen@apex-rail.com
M: +31 6 14 33 34 72

YOU CAN SEND US YOUR DETAILS AND WE WILL BE HAPPY TO CONTACT YOU

CONTACT US

APEX RAIL GmbH

Winkelriedstrasse 56
CH-6003 Luzern
Switzerland

Email: info@apex-rail.com

TEL: +41 41 220 24 51

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