Railpool was established by the two banks in 2008 and its portfolio currently includes 36 Bombardier Traxx F140 MS electric locomotives, six Siemens Vectron locomotives, and 45 Bombardier double-deck coaches, which are leased to Danish State Railways (DSB).

Prior to the sale KfW Ipex and HSH Nordbank each held a 50% share in the company. Oaktree said in a statement that the two banks will continue to finance Railpool procurements and will support the future growth of the company.

Railpool is due to take delivery of five more Vectrons in the next few months and is also negotiating with several manufacturers on the acquisition of a further 50 locomotives.

Railpool is the second European locomotive leasing company to change hands this month. On May 6 London-based Pamplona capital management announced that it had acquired all of the shares in Beacon Rail Leasing, Britain.