Thu, 15 Apr 2010 | DIVISION SALE
HSBC is expecting to receive a large number of bids for its train leasing firm, which is worth an estimated £2 billion.
The bidders for HSBC Rail, which is being auctioned through Rothschild and its own advisory team, are likely to be largely private equity and specialist infrastructure firms, who are interested in getting their hands on around a third of the UK’s rolling stock.
One such bidder is a consortium comprising 3i Infrastructure, Morgan Stanley’s infrastructure fund and Star Capital.
One source familiar with the sale says that several bidders are expected to submit bids and that there is no guarantee of a sale if the right price is not met.
The move follows the sale of the two other leading train leasing groups: Angel Trains and the Porterbrook train leasing firm. Angel was sold to a consortium led by Babcock & Brown by Royal Bank of Scotland for £3.6 billion in 2008, while Porterbrook was sold shortly afterwards.
The industry is still suffering as a result of an enquiry by the Competition Commission into concerns that the leasing firms were making too much money amidst possible price collusion.
UK-based regulatory and clinical consultancy firm specialising in the medical device compliance and MedTech sector serving a diverse client-base across the UK USA and Europe. The company utilises its significant experience to assist companies who hav...
The business is an established contractor specialising in a variety of plastering solutions, including drylining, screeding, and rendering. Operating on a B2B basis across Southern England, the company provides its services to organisations in the ho...
The company provides individuals and businesses with bespoke, impartial financial advice, specialising in tailored support relating to mortgages, property finance and personal insurance.
|
12
|
|
Mar
|
Obsequio Group continues buy-and-build strategy with deal for Environtec | BUSINESS SALE
Obsequio Group has continued its buy-and-build strategy with...
|
11
|
|
Mar
|
Caravan maker Atlas Leisure falls into administration | ADMINISTRATION
Half a century old East Yorkshire caravan manufacturer Atlas...
|
11
|
|
Mar
|
Yorkshire accountants Shenward buy London peer as part of expansion drive | BUSINESS SALE
Yorkshire accountancy firm Shenward has expanded into London...
|
12
|
|
Mar
|
Obsequio Group continues buy-and-build strategy with deal for Environtec | BUSINESS SALE
Obsequio Group has continued its buy-and-build strategy with...
|
11
|
|
Mar
|
Edinburgh consultants Alba Partners buy London peer Core Consultants | BUSINESS SALE
Edinburgh-based management consultants Alba Partners has bou...
|
11
|
|
Mar
|
UK administrations update: March 4 – 11 | ADMINISTRATION
Since our last update, the following businesses have been co...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.