A fund managed by infrastructure fund manager DIF Capital Partners is selling a portfolio of 564 rail freight wagons to Wascosa.
DIF’s Core-plus Infrastructure Fund I (CIF I) has agreed to sell the Rota Rail II for an undisclosed sum.
DIF said it acquired and grew the portfolio to its current size between 2019 and 2021, and upgraded some of the railcars to ensure their compliance with the highest safety standards. CIF I targets small/mid-sized infrastructure assets, buy-and-build of portfolios and companies.
Andrew Freeman, partner and head of exits at DIF Capital Partners said: “We have taken the opportunity to make an early sale in the fund life of DIF CIF I by tapping into the favourable market for high-quality European rail cars.
“The sale will generate attractive returns for CIF I investors, and further demonstrates the strong CIF fund strategy. We have highly appreciated the good working relationship we have had with Wascosa during our period of ownership.”
Wascosa, founded in 1964 and headquartered in Lucerne, Switzerland, manages freight cars for rail traffic.
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