Ashurst advised Canadian institutional investor Alberta Investment Management Corporation ("AIMCo") on its acquisition with a consortium of global investors of Porterbrook Rail Finance Limited, one of the three major rolling stock leasing companies in the UK. The investment consortium is comprised of AIMCo on behalf of certain of its clients, Allianz Capital Partners on behalf of certain insurance companies of the Allianz Group, EDF Invest and Hastings Funds Management (the "Consortium").

The Ashurst team was led by tax partner Richard Palmer, assisted by corporate partner Karen Davies and associate Lucy Phillips.