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Stephenson Harwood advises on sale of Corelink Rail Infrastructure
Law firm Stephenson Harwood LLP has advised on the landmark sale of Corelink Rail Infrastructure Limited (CRIL) to Porterbrook, a leading UK rolling stock company.
CRIL, previously owned by Infracapital and DWS Group, owns and leases a fleet of 324 Alstom Class 730 Aventra EMU vehicles and 80 CAF Class 196 DMU vehicles, which together accounting for around 60% of West Midlands Trains’ operations. This transaction marks a significant milestone in the modernisation of the UK’s regional and commuter rail services.
The Stephenson Harwood team prepared the comprehensive legal due diligence report underpinning the sale process, including a detailed review of all key project and finance documents, manufacture and supply agreements, operating leases, maintenance arrangements, and complex financing structures. The team’s expertise and collaborative approach were instrumental in delivering a successful outcome and reinforce the firm’s position as a market leader in UK rail finance.
Partner Richard Hughes led the Stephenson Harwood team, supported by Partner Daniel Andrews, Managing Associate Geon Sik Kang, and Associates Lachlan Mack and Sonali Shah.