M&A Deal Summary

STAR Capital Partnership and 3i Infrastructure Acquires Eversholt Rail Group

On November 4, 2010, private equity firm STAR Capital Partnership LLP and infrastructure investor 3i Infrastructure plc acquired financial services company Eversholt Rail Group Ltd. from Forward Trust Ltd. for 2.1B GBP

Acquisition Highlights
  • This is STAR Capital Partnership’s 2nd and 3i Infrastructure’s 1st transaction in the Financial Services sector.
  • This is STAR Capital Partnership’s 0th and 3i Infrastructure’s 0th largest (disclosed) transaction.
  • This is STAR Capital Partnership’s 4th and 3i Infrastructure’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2010-11-04
Target Eversholt Rail Group Ltd.
Sector Financial Services
Buyer(s) STAR Capital Partnership LLP
3i Infrastructure plc
Sellers(s) Forward Trust Ltd.
Deal Type Divestiture
Deal Value 2.1B GBP

Target

Eversholt Rail Group Ltd.

London, United Kingdom
website
Eversholt Rail Group is one of the three rail rolling stock companies in the UK. It owns approximately 29% of the total current British rail fleet with 19 fleets of rolling stock, specifically designed and built for the UK rail network.

Search 161,083 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

STAR Capital Partnership LLP

London, United Kingdom

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.3B EUR
SizeLarge
Type Sector Agnostic
DESCRIPTION

STAR Capital Partners is a private equity firm that seeks investments in capital intensive businesses operating in Western Europe. STAR looks to invest in companies valued between EUR50 million and EUR1 billion. The Firm will consider opportunities in many industries, however, the Firm's primary emphasis is on businesses operating in the oil & gas, transport, utilities, telecommunications and healthcare sectors. STAR Capital was formed in 1999 and is based in London.


DEAL STATS #
Overall 11 of 26
Sector (Financial Services) 2 of 3
Type (Divestiture) 4 of 8
Country (United Kingdom) 4 of 11
Year (2010) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-12 Pepcom GmbH

Unterfohring, Germany

Pepcom GmbH is a cable TV operator, with more than 630,000 subscribers of video, broadband and voice services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-01 ElecLink Ltd.

United Kingdom

ElecLink leverages existing strategic infrastructure in an innovative and cost- effective way to bridge two of Europe's most congested power markets; France and England.

Buy -
Buyer

3i Infrastructure plc

Jersey, Channel Islands

Investor Investor Investor Investor Investor

website


Category Infrastructure
Founded 2007
PE ASSETS 1.6B GBP
SizeLarge
Type Sector Focused
DESCRIPTION

3i Infrastructure plc is a listed infrastructure investment arm of 3i Group plc. 3i infrastructure invests mainly in Europe and Asia companies with stable underlying performance: asset-intensive businesses, providing essential services over the long term, often on a regulated basis, or with significant contracted revenues. The firm focuses on the Utilities, Transportation, and Social Infrastructure sectors through equity and junior or mezzanine debt investments in the range of £100m–£300 million per transaction. 3i infrastructure was formed in 2007 and is based in Jersey, Channel Islands.


DEAL STATS #
Overall 8 of 29
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 5
Country (United Kingdom) 4 of 9
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-01 Adani Power Pvt. Ltd.

Ahemdabad, India

Adani Power Pvt. Ltd. is a developer of independent 2,640 MW imported coal-based thermal power plant in Gujarat.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Elenia Oy

Tampere, Finland

Elenia (formerly Lakeside Network Investments) holds 100% of two companies: Elenia Verkko Oy ("Elenia Verkko") and Elenia Lämpö Oy ("Elenia Lämpö"). Elenia Verkko is the second-largest electricity distribution network in Finland. Elenia Lämpö operates 17 local district heating networks, with strong market shares in their areas, and owns the seventh longest network in Finland.

Buy -

Seller(S) 1

SELLER

Forward Trust Ltd.

London, United Kingdom

Category Company
SectorFinancial Services
DESCRIPTION

Forward Trust Ltd provides installment finance, leasing and factoring services


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1997-02-19 Eversholt Rail Group Ltd.

London, United Kingdom

Eversholt Rail Group is one of the three rail rolling stock companies in the UK. It owns approximately 29% of the total current British rail fleet with 19 fleets of rolling stock, specifically designed and built for the UK rail network.

Buy £726M