RIVE Private Investment, a European investment firm, is expanding its railway sector activities with an additional €270 million in senior financing. This funding is part of a Growth Facility secured in October 2023, bringing the total raised to €570 million. The facility is supported by a consortium of banks including KfW IPEX-Bank, Crédit Agricole Corporate and Investment Bank, Société Générale, Siemens Financial Services through Siemens Bank, Crédit Industriel et Commercial, Deutsche Bank, Helaba, and La Banque Postale.
The funds will support RIVE and Northrail's rolling stock leasing platform in acquiring over 100 locomotives from manufacturers such as Siemens, Alstom, and Vossloh Rolling Stock. These locomotives are expected to be delivered between 2025 and 2028 and will be leased to European rail freight operators under Northrail's management.
"This transaction with our banking partners and Northrail represents a crucial strategic milestone," said Camille Brunel of RIVE Private Investment. Michael Trentzsch of Northrail added that their services ensure "economically robust, secure, and long-term value" for RIVE and its partners.
RIVE focuses on transportation assets contributing to decarbonization while Northrail manages around 430 vehicles across Europe. The partnership aims to foster sustainable growth in the rail industry.