Image of Rail Depot

Major Projects

Large-scale projects conducted for the public and private sectors.


Image of passenger train

Rail Franchises

Strategic financial and procurement advice.



Colour image of Virgin high-speed train

ROSCOS and other Rail experience

Rosco valuation and other rail related advice.


ROSCOS

We advised the owners of each of the ROSCOs in their three recent successful sale processes in the period 2014-2015.

We advised the Babcock & Brown consortium of private equity investors and their funding banks in relation to of their acquisition of Angel Trains from RBS in 2007/8;

We advised private equity investors led by Deutsche Bank following their acquisition of Porterbrook from Abbey National in 2008/9 and in 2009/10 assisted with their refinancing activity; and

In 2000, we advised Abbey National on the purchase of Porterbrook from Stagecoach.

Prior to Quasar, as part of the rail privatisation process, partners were involved in the formation of a consortium that acquired Angel Trains, followed by involvement in Angel’s management and strategic direction. Tim was a director of Angel Trains and subsequently led the sale of Angel Trains by Babcock & Brown and Nomura to Royal Bank of Scotland in 1997.



Other Rail Experience

In addition, prior to Quasar's formation the team members gained wide experience of other railway related transactions:

The Quasar team advised Virgin Rail Group on the financing and procurement of £1 billion new rolling stock for the West Coast and Cross Country franchises;

Advisor to Alstom in 1994/5 on the commercial/contractual and financial structuring arrangements in relation to the supply of new Northern Line Tube Stock to London Underground using PFI principles, and raised the required £450 million of lease finance;

Advisor to the Government office, OPRAF, on the structuring of rolling stock lease contracts as part of the original re-structuring of BR;

Advisor to London Transport (as was) and the London Borough of Croydon in relation to the design and procurement of the Croydon Tramlink Project;

Advisor to London Transport and LDDC (as was) on the design and procurement of the Lewisham Extension to the Docklands Light Railway; Advice to a consortium including European Passenger Services Ltd, SNCF, NS and DB on the leasing of the European night stock financing;

Advisor to FirstGroup/Keolis on the £200 million procurement and financing of new rolling stock for the Transpennine rail franchise including the provision of two new depots;

Advisor to the financier of Govia's £125 million depot enhancement programme for the Southern Franchise.