The European Commission has approved the acquisition of joint control of Porterbrook Holdings I by Dalmore Capital, Allianz Capital Partners, CBRE Caledon Napier Investments and Alberta Investment Management Corporation.
Porterbrook owns, leases and maintains railway rolling stock used by train operating companies in Great Britain. The transaction concerns ownership of the UK rolling stock leasing company rather than an operating railway undertaking.
The buyers are Dalmore Capital of the UK, Allianz Capital Partners of Germany, CBRE Caledon Napier Investments of Canada and AIMCo, also of Canada. The Commission found that the transaction would have limited impact in the European Economic Area.
Brussels said the acquisition did not raise competition concerns because the companies are not active in the same markets or in vertically related markets. The approval removes the EU merger control condition for the change in joint control of Porterbrook.
