History
Angel Trains was created in 1994 as part of the privatisation of British rail, it was briefly owned by the Japanese investment bank, Nomura Holdings (with other shareholders) until 1997 when it was bought for ~£395 million and became a wholly owned subsidiary of the Royal Bank of Scotland Group.
The company expanded its leasing business, especially in Europe. A joint venture with Vossloh formed another leasing company Locomotion Capital Ltd. in 2000. Additionally, through investment in its international branches Angel Trains Cargo (leasing freight rolling stock) and Angel Trains Europa (leasing passenger rolling stock) it became one of the largest rolling stock leasing companies in Europe - specifically in terms of freight locomotives.
In 2008, due to the ongoing financial crisis of 2007–2010 the Royal Bank of Scotland group sold Angel Trains for ~£3.6 billion as part of a ~£10 billion assets sale to raise cash. On 13 June 2008 the Royal Bank of Scotland announced that a consortium led by Babcock & Brown had acquired the business. As part of the takeover Angel Trains Group was split and Angel Trains International and Angel Trains Limited became two separate companies. On 1 January 2010, Angel Trains International was renamed Alpha Trains.
Angel Trains Limited whose leasing activities take place in the UK only, is now owned by a consortium of infrastructure and pension investors.
Read more about this topic: Angel Trains
Famous quotes containing the word history:
“The history of our era is the nauseating and repulsive history of the crucifixion of the procreative body for the glorification of the spirit.”
—D.H. (David Herbert)
“I believe that history has shape, order, and meaning; that exceptional men, as much as economic forces, produce change; and that passé abstractions like beauty, nobility, and greatness have a shifting but continuing validity.”
—Camille Paglia (b. 1947)
“It may be well to remember that the highest level of moral aspiration recorded in history was reached by a few ancient Jews—Micah, Isaiah, and the rest—who took no count whatever of what might not happen to them after death. It is not obvious to me why the same point should not by and by be reached by the Gentiles.”
—Thomas Henry Huxley (1825–95)