Linklaters has advised a global investment consortium comprised of Alberta Investment Management Corporation, Allianz Capital Partners, on behalf of certain insurance companies of the Allianz Group, EDF Invest and Hastings Funds Management on their agreement to purchase Porterbrook Rail Finance Limited, one of the three major rolling stock leasing companies in the UK.

Porterbrook owns a diverse portfolio of passenger and freight rolling stock and leases this stock to train and freight operating companies in the UK under long-term lease agreements. It owns and manages a modern fleet of approximately 5,900 passenger and freight vehicles and its portfolio represents approximately one third of Britain's passenger rolling stock fleet.

All Consortium members are long-term infrastructure investors with a similar investment strategy and have considerable experience in acquiring and managing infrastructure assets across the globe.

The Linklaters team advising on the transaction was led by corporate partner Jessamy Gallagher assisted by Lynne Walkington advising on the tax aspects of the deal.

The transaction is expected to complete by the end of October.