Porterbrook

Porterbrook Leasing Company Limited
Limited company
Industry Rail
Founded 1994
Headquarters United Kingdom
Key people
 Mary Grant, Chief Executive Officer
Products Rolling stock
Owner Consortium of:
AIMCo
Allianz Capital Partners
EDF Invest
Hastings Fund Management
Website www.porterbrook.co.uk

Porterbrook Leasing Company is one of the three major ROSCOs (rolling stock operating company) in the United Kingdom. Created in 1994 as part of the privatisation of British Rail, it specialises in the leasing of railway rolling stock[1] and associated equipment such as station fixtures and fittings,[2] to Freight and Passenger Train Operating Companies (TOC). The company also provides enineering support to TOCs that lease rolling stock from it including the provision of upgrades and modifications to stock it owns.[3]

History

In April 1994, Porterbrook Leasing Company Limited (Porterbrook) bought approximately one third of British Rail’s rolling stock with leases in place with the newly created passenger train operators.

Following a Management and Employee buyout in January 1996 Porterbrook was sold to Stagecoach in August of the same year. In April 2000 Porterbrook was then bought by Abbey National Treasury Services and in December 2008 was sold to a consortium of investors.

In October 2014 the Porterbrook Group of companies was acquired by a consortium of investors including Alberta Investment Management Corporation (“AIMCo”), Allianz Capital Partners (“ACP”) on behalf of certain insurance companies of the Allianz Group, EDF Invest and Hastings Funds Management.[4]

See also

References

  1. ↑ "Rolling stock". www.porterbrook.co.uk. Retrieved 2018-10-01.
  2. ↑ "Related products". www.porterbrook.co.uk. Retrieved 2018-10-01.
  3. ↑ "Maintenance". www.porterbrook.co.uk. Retrieved 2018-10-01.
  4. ↑ "About us". www.porterbrook.co.uk. Retrieved 2018-10-01.
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