Slaughter and May is advising 3i Infrastructure - aspects of proposed sale of entire stake in Eversholt Rail Group

Slaughter and May is advising 3i Infrastructure plc (3i Infrastructure) on aspects of the proposed sale of its entire stake in Eversholt Rail Group (Eversholt Rail), one of the three leading rail rolling stock companies in the UK, to CK Investments S.A R.L. (CKI).

The sale will generate estimated proceeds of approximately £358 million for 3i Infrastructure. All of the investors in Eversholt Rail, which owns approximately 28% of the current UK passenger train fleet, have elected to sell their interests to CKI. The transaction has an equity value of approximately £1.1 billion and an enterprise value of approximately £2.5 billion, and is expected to complete in March 2015.

3i Infrastructure is a leading infrastructure investment company investing mainly in Europe and Asia with a focus on utilities, transportation and social infrastructure sectors. It is listed on the London Stock Exchange and is a constituent of the FTSE 250.

CKI is the largest publicly listed infrastructure company in Hong Kong, and owns a diverse assortment of UK infrastructure assets, including Northern Gas Networks, UK Power Networks and Northumbrian Water. CKI is jointly owned by Cheung Kong Infrastructure Holdings Limited and Cheung Kong Holdings Limited.