Generic Wascosa wagons

EUROPE: Leasing company Wascosa has signed an agreement to acquire infrastructure fund manager DIF Capital Partners’ Rota Rail II portfolio of 564 wagons in tranches during the first half of 2023.

DIF acquired and expanded the fleet in 2019-21. It said the portfolio proved to be resilient throughout the pandemic, and continued to perform well despite an uncertain political and macroeconomic environment.

On February 7 Andrew Freeman, Head of Exits at DIF Capital Partners, said the fund had taken the opportunity to generate attractive returns through an early sale by tapping into a favourable market for high quality European wagons.

CMS acted as legal and tax adviser to DIF.