Clifford Chance advised DVB Bank SE and Siemens Financial Services as finance providers for the acquisition of up to 50 locomotives by ELL Group (European Locomotive Leasing). The Austrian-German ELL Group is a provider of full-service locomotive leasing solutions to the European railway industry that was established by investor KKR to address a growing market need. The order is for electric AC/MS locomotives equipped with the European Train Control System, which allows seamless domestic and cross-border traffic.

The Clifford Chance team was led by partner Edmund Boyo and consisted of senior associates Stephen Chance, Anabelle Wiedmann and Dr. Julia Krystofiak as well as associate Elizabeth Wood – all Banking & Capital Markets, Frankfurt.    

Edmund Boyo and a team of further Clifford Chance lawyers in Germany regularly advise clients on rail finance transactions. Edmund Boyo and his team advised, for instance, on the financing of 35 Bombardier Train-Sets for Alpha Trains STS S.À. R.L. and 28 Stadler Train-Sets for Alpha Trains Emil S.À. R.L..