RIVE Private Investment, an independent European investment firm, has secured an additional EUR 270 million in senior financing to support the continued growth of its rail leasing platform in collaboration with its partner, Northrail. This financing is part of a larger Growth Facility, which, since its establishment in October 2023, has raised a total of EUR 570 million to date.
The facility is backed by a consortium of banks, including KfW IPEX-Bank (acting as Facility and Security Agent), Crédit Agricole Corporate and Investment Bank, Société Générale, Siemens Financial Services, alongside new members such as Crédit Industriel et Commercial, Deutsche Bank, Helaba, and La Banque Postale.
This new capital injection will enable RIVE to expand its fleet by acquiring more than 100 locomotives. These locomotives, secured under various framework purchase agreements with major manufacturers such as Siemens, Alstom, and Vossloh Rolling Stock, are expected to be delivered between 2025 and 2028. The rolling stock will be leased to European rail freight operators and managed by Northrail, which RIVE acquired in 2024.
RIVE Private Investment aims to continue its investment strategy in the railway sector, focusing on sustainability and fleet growth to meet increasing demand while fostering decarbonization in the industry.
“The rail industry plays a vital role in developing sustainable mobility solutions. With significant funding needs for fleet renewal and expansion, this collaboration presents an appealing opportunity for both investors and lenders. This financing with our banking partners and Northrail is a critical step toward growing our portfolio of impactful transport assets,” Camille Brunel, Partner at RIVE Private Investment, said.
“We are proud to provide our trusted asset management services to RIVE. With our deep expertise and strong relationships with manufacturers and maintenance providers, we ensure a smooth process and long-term value creation for RIVE and its partners,” Michael Trentzsch, Chief Investment Officer of Northrail, added.
Last year RIVE acquired 100% of Northrail shares previously held by Paribus Group. RTAIF now owns 91,75% of the shares of Northrail. The remaining 8,25% are (indirectly) owned by Northrail’s CEO Volker Simmering who was already a minority shareholder of Northrail before the transaction.
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