Clifford Chance advised a global infrastructure fund managed by Morgan Stanley Infrastructure (MSI) on the acquisition of a 29% stake in VTG Aktiengesellschaft from Andreas Goer. The purchase price amounts to approximately EUR 242 million. VTG is listed on the Prime Standard of the Frankfurt Stock Exchange and a member of the SDAX. Morgan Stanley Infrastructure is the private infrastructure investment platform of Morgan Stanley.

VTG is a market leader in private rail freight waggon leasing and rail logistics, particularly with respect to transporting liquids and sensitive goods. With approximately 80,000 waggons, VTG is operating Europe's largest private rail freight fleet and is a provider of global transportation services relating to liquids via rail, ship and lorries. The company was founded in 1951 and is headquartered in Hamburg, Germany.

The Clifford Chance team was led by partner Joachim Hasselbach (Corporate/Private Equity, Frankfurt) and comprised partners Dr. Christian Vogel and Dr. Thomas Stohlmeier (both Corporate, Düsseldorf), associate Gerd Hegele (Corporate, Frankfurt), senior associate Dr. Jochen Buckel (Corporate, Düsseldorf), partners Dr. Bettina Steinhauer (Frankfurt) and Barbara Mayer-Trautmann (Munich), counsels Dr. Axel Wittmann and Dr. Mattias von Buttlar, associate Sarah Steece (all Frankfurt) - all Banking & Capital Markets – as well as partner Marc Besen and senior associate Dr. Dimitri Slobodenjuk (both Antitrust, Düsseldorf).