Pamplona buys UK firm Beacon Rail for around $450 mln-Reuters

(Reuters) – Investment manager Pamplona Capital Management is to buy UK train leasing company Beacon Rail for around $450 million from a subsidiary of Japan’s Mitsubishi UFJ Financial Group.

Pamplona said on Tuesday that the acquisition from BTMU Capital, a Mitsubishi subsidiary, came as part of its Fund III. Last month Pamplona bought a majority stake in pharmaceutical company Alvogen.