OMERS Infrastructure has acquired a 25 percent indirect shareholder stake in VTG AG, a Hamburg, Germany-based rail-car leasing and rail logistics company.
No financial terms were disclosed.
Established in 1951, VTG provides transportation infrastructure in Europe. Also backed by Morgan Stanley Infrastructure Partners, it has a portfolio of about 94,000 wagons serving more than 1,000 customers.
The deal marks the second infrastructure investment in Germany by OMERS, a $97 billion Canadian pension fund.
OMERS Becomes Shareholder in VTG AG
London/Hamburg, June 11, 2019 – OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario (Canada) is pleased to become a 25% indirect shareholder in VTG AG (“VTG” or “Company”), the largest railcar leasing and rail logistics company in Europe.
“We are happy to have completed our second infrastructure investment in Germany. VTG is a strong addition to our growing global portfolio and fits our strategy of actively supporting stable, industry-leading infrastructure businesses to help us meet our long-term pension obligations,” said Ralph Berg, OMERS Global Head of Infrastructure.
VTG is a market leader in private rail freight wagon leasing in Europe. The Company provides essential transportation infrastructure with a diverse portfolio of approximately 94,000 wagons to a diversified customer base of over 1,000 customers.
“We are very impressed by VTG’s industry leadership, strong operational and financial track record, as well as its demonstrated business resilience. We are equally excited about the Company’s future opportunities and will be working – as active asset managers – with Morgan Stanley Infrastructure and the management team to further strengthen the potential of VTG,” said Philippe Busslinger, Head of Europe for OMERS Infrastructure.
Today’s news marks OMERS second infrastructure investment in Germany, following its earlier 2015 investment in Tank & Rast, the country’s leading provider of motorway services. In 2017, Oxford Properties, OMERS real estate investment arm, acquired the Sony Center in Berlin.
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About OMERS and OMERS Infrastructure
OMERS Infrastructure manages investments globally in infrastructure on behalf of OMERS, the defined benefit pension plan for municipal employees in the Province of Ontario, Canada. Investments are aimed at steady returns to help deliver secure and sustainable pensions to OMERS members.
OMERS diversified portfolio of large-scale infrastructure assets exhibits stability and strong cash flows, in sectors including energy, transportation and government-regulated services. OMERS has employees in Toronto and other major cities across North America, the U.K., Europe, Asia and Australia. OMERS is one of Canada’s largest defined benefit pension funds with net assets of C$97 billion. Visit www.omersinfrastructure.com for more information.