IPEX provides financiers with winning advice and support for all forms of rolling stock and other rail asset transactions.
We combine our technical and commercial engineering expertise in global rail markets with our extensive experience in rolling stock fleet management and strategy, new build rolling stock procurement and existing fleet acquisition transactions.
We utilise our knowledge of new developments and trends in the rolling stock market to advise on funding rates, capital costs, ongoing whole life operational and maintenance costs, and we can guide you through the complex interfaces with railway operations and fixed infrastructure and which prevail upon rolling stock lease arrangements.
We can provide asset valuations, anticipated lease rates and projected competitor indifference rates underpinned with detailed sensitivity analyses that challenge the variables within the model, drawing out and characterising potential investment risks.
We can provide concise analysis and assurance to lender groups through presentations, Q&A sessions and due diligence reports, with appropriate reliance.
We are also highly experienced in assessing contractual frameworks associated with rolling stock procurements including Manufacture and Supply Agreement (MSA), Train Services Agreement (TSA), Technical Support and Spares Supply Agreement (TSSSA), depot access and lease agreements, as well as long-term Manufacturer / Maintainer maintenance collaboration agreements.
Following contract closure and during the manufacturing and fleet introduction phase, we can offer further support including Client’s Representative for risk reviews, design sign-off, first unit inspections, commissioning reviews and through-life asset management.
Client: SMBC Leasing & Equitix
Project: Depot & Stabling Investment Advice
We develop and work with IPEX mechanics such as: