Angel Trains
 | |
| Ltd | |
| Industry | Rail |
| Founded | 1994 |
| Headquarters | 123 Victoria Street, London SW1E 6DE |
| Products | Rolling stock |
Number of employees | 115 |
| Parent | Consortium led by Arcus Infrastructure Partners |
| Slogan | Rail People. Real Expertise |
| Website | www.angeltrains.co.uk |
Angel Trains is a British rolling stock operating company (ROSCO) created in 1994 as part of the privatisation of British Rail. It was one of three ROSCOs (the others being Porterbrook and Eversholt Rail Group (formerly HSBC Rail)).[1] When created, each ROSCO owned around a third of the rolling stock of the former British Rail.
History
Angel Trains was created in 1994 as part of the privatisation of British rail, it was briefly owned by the Japanese investment bank, Nomura Holdings (with other shareholders) until 1997 when it was bought for ~£395 million[2] and became a wholly owned subsidiary of the Royal Bank of Scotland Group.[3][4]
The company expanded its leasing business, especially in Europe. A joint venture with Vossloh formed another leasing company Locomotion Capital Ltd. in 2000. Additionally, through investment in its international branches Angel Trains Cargo (leasing freight rolling stock) and Angel Trains Europa (leasing passenger rolling stock) it became one of the largest rolling stock leasing companies in Europe - specifically in terms of freight locomotives.
In 2008, the Royal Bank of Scotland group sold Angel Trains for £3.6 billion as part of a £10 billion assets sale to raise cash.[5][6] On 13 June 2008 the Royal Bank of Scotland announced that a consortium led by Babcock & Brown had acquired the business.[1] Following a management buyout of Babcock & Brown in 2009, the lead investor in the consortium was renamed Arcus Infrastructure Partners. As part of the takeover Angel Trains Group was split and Angel Trains International and Angel Trains Limited became two separately owned companies. On 1 January 2010, Angel Trains International was renamed Alpha Trains.[7]
Angel Trains Limited whose leasing activities now take place in the UK only, continues to be owned by a consortium of infrastructure and pension investors.[8]
Rolling Stock
Intercity Trains
Regional Trains
- British Rail Class 142
- British Rail Class 150
- British Rail Class 153
- British Rail Class 158
- British Rail Class 165
- British Rail Class 166
- British Rail Class 172
- British Rail Class 175
- British Rail Class 314
- British Rail Class 317
- British Rail Class 333
- British Rail Class 350
- British Rail Class 357
- British Rail Class 360
- British Rail Class 442
- British Rail Class 444
- British Rail Class 450
- British Rail Class 465
- British Rail Class 466
- British Rail Class 507
- British Rail Class 508
Locomotives
See also
References
- 1 2 "RBS sells off rail stock business". BBC News. 2008-06-13. Retrieved 2008-06-13.
- ↑ The Royal Bank of Scotland Group agrees to acquire Angel Trains angeltrains.co.uk
- ↑ Background angeltrains.co.uk
- ↑ RBS confirms sale of Angel Trains financemarkets.co.uk
- ↑ "Angel Trains' owners may pay price for costly leases". timesonline.co.uk. 14 June 2008.
- ↑ "RBS to unveil sale of Angel Trains and £10 billion rights issue". timesonline.co.uk. 21 April 2008.
- ↑ "Angel becomes Alpha". Railway Gazette International. 14 January 2010.
- ↑ "Angel Trains completes debt refinancing". Railway Gazette International. 27 April 2011.