May / June 2021 |
Equipment Leasing
Arcus folds Gem tanks under Peacock ’ s wing
|
BULKDISTRIBUTOR |
7 |
Wascosa wagons for HVLE
Forty-five brand new Eamnos wagons built at Greenbrier in
Poland were handed over on time to Havelländische Eisenbahn ( HVLE ) on 15 March . The colourful blue and orange wagons leased by Wascosa were handed over in Wustermark , near Berlin . HVLE , which will be using the Eamnos primarily for transporting building materials , is delighted with the wagons . Ludolf Kerkeling , member of the HVLE board of directors , commented : “ Not only are the wagons impressive with regard to their appearance , but also in terms of their quality . That ’ s a key reason why we work with Wascosa .” Peter Balzer , managing director of Wascosa , added : “ As the fourth largest lessor of freight wagons , Wascosa will continue its vigorous investment strategy to develop an even broader wagon portfolio which now includes virtually all relevant wagon types . “ We are convinced that the critical size of a wagon lessor is shifting ever upwards . Qualitative and quantitative growth is therefore essential , together with the ability to complete our transformation into a digitalised railway world .”
Just two months after its acquisition of Peacock Group ,
Arcus Infrastructure Partners announced its second foray into the tank container leasing market . Through Peacock Group Holdings , the entity is buying a portfolio of 9,000 tanks from Gem Containers Limited as well as associated operating and financial leases . The acquired fleet consists of a variety of tank container types , early in their asset life cycle , with solid long term leases to reputable clients . The addition of the Gem assets was concluded following exclusive negotiations with the sellers and will boost Peacock ’ s total fleet to some 16,500 tank containers , resulting in Peacock moving into the top six tank container lessors globally . Combining the fleet of Gem assets with Peacock leads to a reduction in average asset age , while increasing the average remaining contract term and offering various operational synergies . Nicola Palmer , the Arcus Partner responsible for the Peacock acquisition , commented : “ The addition of the Gem tank containers to Peacock ’ s fleet fits exactly with our ambition to create scale in this growing market and strengthen Peacock ’ s strong market position
The addition of the Gem assets will boost Peacock ’ s total fleet to some 16,500 tank containers
and further diversity its customer base .” Gem was founded in 2012 by former Multistar executive Heidi Sommerville and rapidly built a significant fleet of tanks . In 2017 , the company received a capital injection from asset management firm Crestline Investors .
https :// peacockcontainer . com www . wascosa . ch
Ermewa will be jointly owned by Caisse de dépôt et placement du Québec and a fund managed by DWS Group
Ermewa to be sold
France ’ s state-owned rail operator SNCF is set to sell its equipment leasing business Ermewa , which includes the tank container leasing businesses Eurotainer and Raffles . If the sale goes ahead Ermewa will be jointly owned by two fundmanagement groups Caisse de dépôt et placement du Québec ( CDPQ ) and a fund managed by DWS Group . Jean-Pierre Farandou , chairman and CEO of SNCF , said the planned sale of Ermewa is in line with the SNCF group ’ s strategy to become a leader in sustainable mobility for passengers and goods , with a core rail business and two strategic assets , Keolis and Geodis . “ This operation would also accelerate the group ’ s debt reduction and pursue the objective of maintaining its financial trajectory , while backing Ermewa with long-term partners , able to ensure the sustainability of the company ’ s activity , which would remain a commercial partner of SNCF ,” he said . Ermewa posted annual revenues of € 489 million and EBITDA of € 271 million in 2020 . The subsidiary employs 1,200 people managing a fleet of just over 100,000 assets , comprising 40,000 rail cars in Ermewa , 49,500 tank containers in Eurotainer and 16,000 tank containers under Raffles . As at 31 December 2020 , CDPQ ’ s net assets totalled CA $ 365.5 billion , while DWS has € 793 billion of assets under management . CDPQ holds a 45 percent stake in various port facilities in partnership with Dubai ’ s DP World and 26.7 percent of Port of Brisbane , Australia . It also has an investment in Indian logistics firm TVS Logistics Services .
www . ermewa . com