KKR has acquired a majority stake in European electric locomotive leasing firm Green Mobility Partners (GMP) as part of a new partnership.
The partnership will see KKR providing capital and support to scale Vienna-based GMP’s locomotive fleet and build a dedicated rail platform to pursue growth opportunities, including potential M&A.
Financial details were not disclosed.
Christoph Katzensteiner, founder and CEO of Green Mobility Partners, said: “Europe’s rail infrastructure requires significant modernisation to meet its decarbonisation objectives. I am delighted to partner with KKR to help address these needs and build a leading European rail leasing platform.
“With KKR’s support and our established relationships with both operators and manufacturers, GMP is ideally positioned to provide the flexible, sustainable infrastructure solutions that Europe’s rail sector urgently needs as it transitions to a low-carbon future.”
Vincent Policard, co-head of European infrastructure at KKR, said: “GMP combines a resilient, contract-backed business model with powerful secular tailwinds in both locomotive and passenger rail leasing.
“By providing flexible capital solutions and leveraging our global infrastructure expertise, we can support GMP’s growth and contribute to Europe’s sustainable transport infrastructure.”
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