Akin Advises GATX in the Acquisition of Wells Fargo’s Rail Assets
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(Chicago) – Akin advised GATX Corporation, the leading global lessor of transportation assets, as co-counsel in connection with the formation of a joint venture with Brookfield Infrastructure Partners L.P. and its institutional partners to acquire approximately 105,000 railcars from Wells Fargo for $4.4 billion.
GATX will serve as the manager of the railcars in the joint venture, and have 30% initial joint venture equity ownership, with the option to acquire 100% of the equity over time.
The Akin team was led by infrastructure M&A partner Jason Wagenmaker.
For further information on the transaction, please click here.
Akin is a leading international law firm with more than 900 lawyers in offices throughout the United States, Europe, Asia and the Middle East.
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