RIVE Private Investment strengthens its position as a leading lessor of Smartron locomotives with the acquisition of 5 additional assets

Paris, February 20, 2024. RIVE Private Investment (“RIVE”), an independent European investment company, has signed a purchase agreement for 5 new Smartron locomotives, produced by Siemens Mobility, one of Europe’s leading manufacturers.

These locomotives, certified for the German market, will be managed by Northrail, RIVE’s historical partner, and leased to major rail freight operators. They will contribute to the development of rail freight in Germany and support the modal shift, essential for achieving the decarbonization goals of the transport sector in Europe.

The transaction strengthens RIVE’s position as the leading European lessor for this product, with 30 Smartron locomotives under management. Maintenance services will be provided by Siemens Mobility through an 8-year maintenance contract. This agreement will contribute to ensuring high availability of the locomotives and an optimal level of reliability.

The railway sector constitutes a strategic asset class for RIVE and its RTAIF fund. To support the deployment of its strategy, RIVE recently secured a new financing line of 300 million euros dedicated to the acquisition of innovative locomotives. An additional 225 million in financing may be added to this amount.

RIVE supports its clients and partners – operators and manufacturers – in the sustainable transition of fleets and the development of technologies that allow for an acceleration of the sector’s decarbonization, with a focus on hybrid engines – electric and diesel.

About RIVE Private Investment

RIVE Private Investment is an independent European investment company, specialized in transport assets and energy transition. RIVE addresses the small and mid-market, combining financial and sectoral expertise. Founded in 2013 and based in Paris, Luxembourg, and Geneva, RIVE has financed more than 2.4 billion euros of assets through over 100 transactions in about twenty countries.

RIVE, through its RTAIF fund, invests in assets contributing to the decarbonization of the transport sector and/or serving essential needs, such as rail, specialized aviation (medical, firefighting and rescue, etc.), and maritime (electric ferries, support for offshore wind farms, etc.). Since its launch in mid-2021, the RTAIF fund has deployed nearly 250 million euros of capital in 10 OECD countries.

Bénédicte Debusschere – b.debusschere@bcadvisory.fr – 06 48 56 70 71
Victoria Wojtczak – v.wojtczak@bcadvisory.fr  – 06 79 75 01 66