J. Sagar Associates (JSA) advised DIF Capital Partners (“DIF”) on the acquisition, through its DIF Core Infrastructure Fund II, of a 49% stake in Touax Rail Limited (“Touax Rail”), a member of the Touax Group.
Touax Rail is a leading European rail freight leasing company which offers tailor-made and environmentally friendly solutions for leasing rail equipment including leasing, sale and maintenance of freight railcars. Touax Rail carries out business operations in India as well. The transaction is expected to enable Touax Rail to accelerate the development of its long-term leasing activities of freight wagons and to strengthen the position of Touax Rail in Europe and Asia by increasing its capacity to grow and finance the needs of its customers.
DIF is a leading global independent infrastructure fund manager headquartered in the Netherlands with assets under management across the globe held through nine closed-end infrastructure funds and several co-investment vehicles.
The JSA Team comprised Partner – Vikram Raghani, Principal Associate – Kaustubh Verma and Associates – Parshva Doshi and Zil Shah. Partner – Anish Mashruwala advised on financing aspects; and Partner – Shashank Singh, Senior Associate – Tanvi Trivedi, Associate – Abhishek Sarkarand Junior Associate – Shubhi Agarwal advised on regulatory aspects.