Hengeler Mueller advises VTG on acquisition of NACCO Group

03. July 2017

VTG Aktiengesellschaft ("VTG"), one of the leading railcar leasing and rail logistics companies in Europe, reached a definitive agreement to acquire CIT Rail Holdings (Europe) SAS and the associated NACCO Group, the fourth largest private rental company of rail freight cars in Europe. The transaction will be financed via a senior loan of up to EUR 500 m and a privately placed hybrid bond of EUR 300 m. 

Hengeler Mueller advised VTG on the financing of the acquisition and on corporate and capital markets law aspects. The Hengeler Mueller team included partners Daniela Favoccia, Wolfgang Groß (both Corporate/Capital Markets), Johannes Tieves (Financing), counsel Peter Dampf (Financing) as well as associate Annette Petow (Corporate) (all Frankfurt).