RIVE Private Investment strengthens its shunting offering through the acquisition of 12 locomotives

Paris, November 7, 2024. RIVE Private Investment (RIVE), an independent European investment firm with over €1 billion of assets under management in energy transition and transportation sectors, has acquired a second-hand portfolio of 12 shunting locomotives.

Through this acquisition, RIVE will strengthen its shunting offering while bridging the production period of upcoming hybrid/dual-mode locomotives with a shunting application. Starting from 2026 onwards, RIVE will offer operators to swap their existing overaged thermic shunting locomotives for innovative ones to benefit from the latest environmental and safety regulations as well as higher technical availability..

This portfolio consists of 2 DE18 and 10 G1206, two state-of-the-art locomotive models within the shunting segment, previously held by B&V Group, a one-stop shop German company offering leasing and maintenance of shunting locomotives. Northrail will be in charge of technical and commercial management of the portoflio thanks to its access to a strong and diversified customer base in its core market, and Entity in Charge of Maintenance with over 15 years of experience. Northrail is currently the leading European manager of shunting locomotives with a 30% market share.

Operating this portfolio is expected to generate 74% less greenhouse gases emissions then its road freight equivalent, leading to a saving of 15,800 tons of greenhouse gases emissions annually. This new investment is in line with RIVE’s aim to support the decarbonization of land transportation by improving rail efficiency in Europe, in fine enhancing the modal shift.

ABOUT RIVE PRIVATE INVESTMENT

RIVE Private Investment is an independent European investment firm specialized in transportation assets and energy transition. Founded in 2013, RIVE currently manages over €1 billion and has completed more than 100 transactions. The RIVE team consists of 26 professionals based in Paris, Luxembourg, and Geneva.

RIVE, through its RIVE Transportation Assets Income Fund (RTAIF), invests in assets contributing to the decarbonization of the transportation sector and/or serving essential needs, such as rail, specialized aviation (medical, firefighting, and rescue, etc.), and specialized maritime (electric ferries, support for offshore wind parks, etc.). Since its launch in mid-2021, RTAIF has deployed over €300 million in 10 countries.

ABOUT NORTHRAIL

Northrail is one of Europe’s leading rolling stock leasing providers and asset managers and a developer of innovative rolling stock investments. Based in Hamburg (Germany), Northrail manages a portfolio of c.450 locomotives, multiple unit passenger trains, and passenger coaches for freight and passenger transport in Europe, with an investment volume of close to €1.5 billion. Northrail’s managed fleet includes state-of-the-art electric, dual-mode, and hybrid locomotives, battery-powered regional trains, as well as traditional shunting and universal locomotives. The company also develops tailor-made leasing services for its clients and organizes the maintenance of leased vehicles based on its ECM I to III license.

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