CMS Switzerland advises in a strategic freight railcars partnership

CMS Switzerland advises in a strategic freight railcars partnership

Dr Pascal Favre and his Geneva-based M&A team advised PRIO SA, a Swiss joint venture company in which SIG-i Capital AG, a private markets investment manager created by former executives of Credit Suisse Special Investments Group, joined forces with VTG AG, Europe's leading leasing and rail logistics companies, to partner in the acquisition of a significant railcar fleet and its subsequent lease operations.

The partnership has been structured under the leadership of Patrimonium Asset Management AG, a FINMA-regulated investment management company. The debt financing of the entire investment program was arranged by KfW IPEX-Bank, a leading German infrastructure financier based in Frankfurt.

Dr Favre led the efforts for PRIO on the Swiss side of this multijurisdictional undertaking, which also involved Germany, the Cayman Islands, France and Spain. The CMS attorneys handled all facets of this complex deal, on the corporate, competition law and finance sides.

On August 29, 2019, the parties sealed the deal giving live to PRIO.

Corporate/M&A Partner Dr Pascal Favre led the CMS Switzerland team representing PRIO, which also included senior associates Audrey Durand and Jérôme Levrat.