On behalf of investors in its infrastructure equity strategy, AMP Capital has agreed to sell a 51 per cent stake in Angel Trains to a consortium comprising the Public Sector Pension Investment Board (PSP Investments) and funds advised and managed by Amber Infrastructure Group.
The consortium members, which have held their stakes alongside AMP Capital since 2008, are increasing their ownership of the Company, with PSP Investments becoming the majority shareholder.
Angel Trains is the largest rolling stock company in the UK, serving the passenger rail sector with a diversified fleet of c4,300 vehicles, the majority of which are electric multiple units. During AMP Capital, PSP Investments and Amber’s ownership over the last 13 years, the Company has grown substantially, having secured over GBP1.2 billion of new build opportunities since 2016, and has been committed to driving the decarbonisation of the UK transport system.
Source: Private Equity Wire
