In 2023, Rock Rail financed two new fleets of Siemens Mireo trains (75 units in total) to be leased and deployed on S-Bahn routes around Leipzig. Our experts led the commercial due diligence advisory services in support of the transaction.
Our experts conducted a comprehensive review of the national rail market in Germany and the local rail market in and around Leipzig, the demand trends and policies supporting rail travel. We assessed the region's current and long-term rolling stock plans, reviewed re-leasing risks and re-deployment opportunities of the fleet should it be displaced from the proposed operation after the initial lease. A key element of our due diligence was the indifference rental analysis where we assessed the competitiveness of the proposed lease rates for the fleet against a potential new build competitor in the future.
Our assessments, combined with comprehensive support for the lenders' Q&A process, enabled a successful deal close in late 2023 / 2024.
