Herbst Kinsky advises WESTbahn on its fleet exchange
Herbst Kinsky advises WESTbahn Management GmbH on the exchange of its entire train set fleet.
The transaction was implemented in two steps. In a first step, the existing KISS 1 and KISS 2 multiple-unit trains were sold to Deutsche Bahn, which intends to use these vehicles to offer new Intercity services in Brandenburg, Saxony and Mecklenburg-Vorpommern. Specifically, the multiple units are to be used as Intercity 2 on the new Dresden – Berlin – Rostock line. In a second step, 15 new KISS 3 multiple-unit trains will be acquired by Stadler Rail AG under a finance lease. The parties have agreed not to disclose the economic terms of the transaction.
Herbst Kinsky’s transaction team was led by Christoph Wildmoser (Corporate/M&A, Finance) supported by Christoph Herbst (Regulatory), Sonja Hebenstreit (Competition), Alexander Weber (Corporate/M&A, Finance) and Alexander Lotz (Competition). Regarding German law WESTbahn was advised by Schalast & Partner, Frankfurt (Andreas Walter, Kristof Schnitzler). Swiss law aspects have been handled by Walder Wyss, Zürich (Lukas Wyss, Florian Gunz-Niedermann).