Independent UK law firm Burges Salmon has advised West Midlands Trains Limited (WMT) on a £50 million investment by Angel Trains into its Tyseley rail depot. The funding supports the development of the facility to maintain WMT’s new rolling stock.
The Burges Salmon team advising on the transaction was led by partners Chris Simms and Colin Ligman, supported by Pat Parkin, Louis Bothamley and Madeleine Henson. The firm provided finance, real estate and rail regulatory expertise.
Chris Simms comments: “It has been a pleasure working with WMT on this significant investment, a great example of the private sector investing in and supporting the national rail network. This was a complex transaction, involving many parties including Angel Trains, Network Rail, the Department for Transport, and the Office of Rail and Road. Our understanding of the rail sector, and our experience acting for both private and public sector bodies, meant we had the expertise to guide our client through this ambitious venture.”
Robert Stansfeld, Financing & Treasury Director at Transport UK Group, adds: “We’d like to thank the Burges Salmon team for their ongoing support and excellent advice on this project. The firm understood our objectives from the outset and collaborated with all parties to get us to a successful outcome.”
Burges Salmon’s Sustainable Transport team works across the entire transport sector including rail, highways, road transport, aviation and marine and ports. With strong expertise and insight into the sector, the firm covers all aspects of transport law; from funding and operations to construction, development and disputes. Working at the forefront of new transport technologies, the firm recently won The Legal Award at the 2023 Self-driving Industry Awards.