Rock Rail forges second DB Regio financing deal with K&L Gates and Clifford

A railway revolution is on the horizon as Deutsche Bahn‘s subsidiary, DB Regio, announces a dynamic partnership for the financing of 18 state-of-the-art Siemens trains set to debut on the central German S-Bahn network. In a strategic move, the rail operator has enlisted the support of British finance specialists Rock Rail for the second time, further solidifying their commitment to advancing rail transportation in the region.

The collaboration with Rock Rail, known for its prowess in rail finance, is a testament to DB Regio’s dedication to innovation and efficiency. Through a unique financial structure, Rock Rail will lease 18 four-car Mireo trains to DB Regio. Spearheading the consortium providing external capital for the trains is Meag, the asset manager for Munich Re and Ergo. This marks Rock Rail’s debut collaboration with London-based Infracapital on the equity side in the German market.

Consultants involved in the rail procurement transactions

DB Regio Advisor

In-house Legal: Dr. Markus Berliner, Ulrike Römhild (both Banking/Finance Law)

Rock Rail/Infracapital Advisors

K&L Gates (Frankfurt): Dr. Frank Thomas (pictured, left) (Banking/Finance Law; lead), Dr. Annette Mutschler-Siebert (Procurement Law), Christoph Mank (Corporate/M&A; both Berlin); Associates: Anne Thümmel-Barz, Patrick Glück (Munich; both Banking/Finance Law)

Clifford Chance (London): Paul Carrington, Christof Häfner (pictured, right) (Frankfurt; both lead; both Banking/Finance Law), Jemma Dick (Tax Law); Associates: Ryan Wild, Hannah Harvey, Ope Oreyemi, Saud Aziz, Franziska Buchholz (Frankfurt; all Banking/Finance Law)

Meag Advisor

CMS Hasche Sigle (Hamburg): Dr. Kerstin Block, Katie Duffield (London; both lead), Matthias Sethmann; Associates: Dr. Sait Dogan, Neha Arora (London; all Banking/Finance Law).

ZNLS Schienenfahrzeug GmbH Advisor

Schumann (Berlin): Dr. Thomas Stockmann (Procurement Law)

Netinera/Die Länderbahn Advisor

Inhouse Legal (Berlin): Dr. Heiko Piesbergen (Legal Head), Nadine Stark. Addleshaw Goddard (Hamburg): Eckart Budelmann (lead); Associates: Alexandra Rose, Dr. Theresa Röttger (all Corporate/M&A).