|Mary Grant, Chief Executive Officer|
Allianz Capital Partners
Porterbrook Leasing Company is one of a number of ROSCOs (rolling stock operating company) in the United Kingdom. Created in 1994 as part of the privatisation of British Rail, it specialises in the leasing of railway rolling stock and associated equipment such as station fixtures and fittings, to Freight and Passenger Train Operating Companies (TOC). The company also provides engineering support to TOCs that lease rolling stock from it including the provision of upgrades and modifications to stock it owns. With the emergence of new rolling stock financiers, such as Rock Rail, Agility Trains and XLT, the traditional ROSCO businesses face increasing challenges to maintain market share.
In April 1994, Porterbrook Leasing Company Limited (Porterbrook) bought approximately one third of British Rail’s rolling stock with leases in place with the newly created passenger train operators.
Following a Management and Employee buyout in January 1996 Porterbrook was sold to Stagecoach in August of the same year. In April 2000 Porterbrook was then bought by Abbey National Treasury Services and in December 2008 was sold to a consortium of investors.
In October 2014 the Porterbrook Group of companies was acquired by a consortium of investors including Alberta Investment Management Corporation (“AIMCo”), Allianz Capital Partners (“ACP”) on behalf of certain insurance companies of the Allianz Group, EDF Invest and Hastings Funds Management (now re-branded Vantage Infrastructure).