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VTG €780 million acquisition of Nacco

1/7/2017
Private acquisition
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€ 780 million

$ 890 million

Announced

1/7/2017

Overview:

  • VTG has acquired Nacco for €780 million.
  • Nacco is a rail freight company and subsidiary of CIT Rail, it owns 14,000 wagons.
  • VTG is one of Europe's leading freight and railway logistics companies.
  • The deal was financed with a credit facility of €800 million consisting of a loan and a hybrid loan.
  • VTG has been listed on the S-Dax since 2007.
  • Morgan Stanley Group owns 29% of the shares in VTG.

Katrin Kostadinova - Data analyst

Jurisdictions:

France
Germany

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Germany

Industry sectors:

Transport
Logistics

Firms:
Binder Grösswang

Party: Vtg AG ON (Acquirer)

CMS Hasche Sigle

Party: Credit Agricole (Underwriter)

Lawyer: Marc Riede

Dechert

Party: CIT Rail (Target)

Lawyers: Douglas Getter, Giovanni Russo, Philip Butler

Hengeler Mueller

Party: Vtg AG ON (Acquirer)

Lawyers: Daniela Favoccia, Johannes Tieves, Wolfgang Gross

Heuking Kühn Lüer Wojtek

Party: Vtg AG ON (Acquirer)

K&L Gates

Party: Vtg AG ON (Acquirer)

Lawyer: Tom R Wallace

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