Search for: Home > News > Ancala Partners completes the refinancing of Hector Rail Ancala Partners completes the refinancing of Hector Rail 5th January, 2021 Hector Rail, the largest private freight train owner and operator in Scandinavia, with a growing platform in Germany, has raised a SEK 519 million financing package from a group of leading European commercial lenders to refinance its existing debt. The financing package comprises a term loan alongside a capex facility to support the growth of the business. The refinancing will allow Hector Rail to continue to strengthen its position as Sweden’s leading independent green electric rail freight provider, enhance the company’s growing position in Germany and support the company in expanding its existing fleet. Hector Rail was acquired by funds managed by Ancala Partners LLP, the independent mid-market infrastructure investment manager, in August 2020. Following the acquisition of Hector Rail, Ancala explored options for potential debt facilities and an appropriate financing strategy to support Hector Rail’s growth plans. Hector Rail’s robust performance, despite the difficult market conditions caused by Covid-19, made for an attractive proposition for lenders. The lenders in the financing package are Landesbank Hessen-Thüringen (Helaba) and Siemens Bank. Spence Clunie, Managing Partner of Ancala Partners, commented: “Hector Rail plays a key role in both the Swedish and German economies, delivering an essential green electric rail freight service through the Covid-19 pandemic. This financing package will support Hector Rail through its next stage of growth. This refinancing demonstrates Ancala’s continued ability and expertise in successfully executing debt financings for our portfolio companies.” Kurt Håkansson, Chairman of Hector Rail commented: “Hector Rail has delivered robust performance through the Covid-19 pandemic, continuing to deliver reliable green electric rail freight services for its customers across a range of industries. The new financing package will support our ambitions to further expand our fleet, strengthen our position as the leading independent rail freight provider in Sweden and grow our platform in Germany.” For more information, see the website: www.ancala.com or contact: Brunswick Group Fiona Micallef-Eynaud / Samantha Chiene Tel: +44 207 404 5959 Email: moc.puorgkciwsnurb@alacna Ancala Partners Spence Clunie, Partner Tel: +44 7917 648 346Email: moc.alacna@ecneps Notes to Editors About Hector Rail Hector Rail is the largest private freight train owner and operator in Scandinavia, with a growing platform in Germany. Founded in 2004 and headquartered in Stockholm, Hector Rail operates in a critical part of the rail freight value chain. It operates over 100 locomotives and employs more than 400 people, with a turnover of approximately SEK 1 billion. The company provides green electric traction service, i.e., locomotives and drivers to transport freight, as well as complementing services (mainly wagons and shunting), focusing on block train provision to a range of blue-chip customers within various industries. Hector Rail has a modern and eco-friendly core electrical fleet. About Ancala Partners Ancala Partners LLP is an independent infrastructure investment manager focused on delivering enhanced returns from mid-market infrastructure investments across Europe. Ancala adopts a proactive approach to the origination and asset management of investments to create value for its investors. For more information, please visit www.ancala.com. Follow Ancala Partners on Twitter and LinkedIn 2021 2020 2019 2018 2017 2016 2015 Media enquiries Brunswick Group Fiona Micallef-Eynaud / Samantha Chiene Telephone: +44 207 404 5959 moc.puorgkciwsnurb@alacna Previous post Ancala Partners completes the acquisition of 49% of Ence Energía S.L.U for total consideration of up to €357 million Next post Ancala Partners invests further capital into Portsmouth Water T: +44 (0)208 059 0320 E: moc.alacna@tcatnoc Who we are Strategy Portfolio Media Sustainability Contact Ancala Partners LLP is authorised and regulated by the UK Financial Conduct Authority. Ancala Partners LLP is incorporated as a limited liability partnership in England and Wales. Privacy notice Legal and regulatory disclosures Modern Slavery Statement Terms of use © 2021 All Rights Reserved by Ancala Partners LLP Designed and built by Stone Creative Design Follow us: