Freshfields Bruckhaus Deringer and Allen & Overy (A&O) are advising on a £2.1bn deal that will see HSBC sell its train-leasing business Eversholt Rail Group to a private equity consortium, reports The Am Law Daily.
The consortium – which comprises 3i Group, Star Capital Partners and Morgan Stanley’s infrastructure group – is being advised by an A&O team led by banking partner Jonathan Bevan and corporate partner Susan Howard. A&O also advised on the 2008 financing and acquisition of Angel Trains by a consortium of investors from the Royal Bank of Scotland.
