Shareholder Change at TransFin-M Leasing Company
08 November 2019
The Blagosostoyanie Pension Fund and TFM-GARANT JSC have completed the largest transaction in the leasing market in recent years. TFM-Garant, representing Alexey Taycher and his partners, became the official owner of 100% share in TransFin-M PC. The transaction, worth RUB 32.6 billion, was effected in the MBO (management buy-out) format, financed primarily with borrowed funds. The sale applies to all assets of TransFin-M PC, including its subsidiaries.
Alexey Taycher comments: TransFin-M is a notable player in the leasing market, with stable credit ratings. The new team faces a daunting task of reinforcing the company’s position in key operating areas – financial lease and operation of railway rolling stock through subsidiaries. The company will also continue to finance coal mining machinery, port equipment, marine vessels, and other transportation facilities. This way we can focus on providing a comprehensive service, which we believe is the key to facilitating business development of our customers and the entire TFM Group.
The Fund has a positive outlook towards the results of investing into TransFin-M PC: the sale of the company’s share has yielded more than RUB 7 billion in revenue. The decision to sell the shares was dictated by our strategy to reduce the share of direct investment in the Fund’s pension reserves portfolio, says Anatoly Milyukov, General Director of the Blagosostoyanie Pension Fund. “The money received from the sale will be invested in high-liquidity market instruments, allowing the Fund to diversify its pension reserves portfolio.
Expert RA Confirms TransFin-M’s Credit Rating at ruBBB+, Changing Outlook to Stable
According to the Expert RA agency, TransFin-M’s rating is based on its solid market position…
TransFin-M Launches New Leasing Program in Logging Industry
The TransFin-M leasing company has announced the launch of a new program for leasing logging…
Joint Venture Established By TransFin-M and Garant Rail Service to Repair Railroad Cars and Produce Spare Parts
TransFin-M and the Garant Rail Service railroad car repair company have established NovoTechRail, a…
TransFin-M Effects Sale and Leaseback Transaction with Respect to Meliora Place Business Center for Apollax Group
TransFin-M and Apollax Group have completed a transaction for the transfer of Meliora Place (6…
Expert RA announces leasing market performance figures for H1 2021
As of the end of the first six months of 2021, the TransFin-M leasing company ranked 6th among the…
Atlant Increases Fleet of Boxcars
Atlant LLC (a subsidiary of TransFin-M) has increased its fleet of boxcars in operation to…
Staying ahead: TransFin-M is a Partner of the UCI Track Cycling Nations Cup
The UCI Track Cycling Nations Cup competitions were held at the Locosphynx Cycling Track in St…
TFM-Spetstekhnika to Perform Mining Works for Siberian Anthracite, JSC
TFM-Spetstekhnika LLC (a subsidiary of TransFin-M) and Siberian Anthracite JSC have signed…