J.P. Morgan Asset Management has acquired Beacon Rail Leasing from private equity fund Pamplona Capital Management in a deal valued at £855 million (€1 billion).
In 2014, Pamplona Capital Management acquired Beacon Rail from BTMU Capital, a subsidiary of Mitsubishi UFJ Financial Group under a EUR 425.4 million agreement.
Beacon Rail Leasing, based in Luxembourg, with offices in Boston and London, is a rolling stock leasing company serving the Pan European and North American marketplaces.
Beacon Rail Leasing offers a range of rolling stock on 3 to 10 year operating leases. The company’s fleet contains a variety of locomotives, freight wagons, and passenger trains.
In 2016, Beacon Rail Leasing acquired Ascendos Rail Leasing a European locomotive and rolling stock leasing company. Ascendos’ current portfolio includes 35 locomotives and 100 freight wagons on lease in Belgium, the Netherlands and Germany, 35 passenger train units on lease in Germany, and 67 double decker coaches on lease in Denmark.
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