DLA Piper advised NefteTransService on an investment of up to USD300m from international sovereign wealth funds

DLA Piper advised NefteTransService, a major Russian railroad rolling stock operator, on an investment of up to USD300 million from the Russian Direct Investment Fund and leading Middle Eastern and Asia Pacific sovereign wealth funds, including Saudi Arabia’s Public Investment Fund.

NefteTransService provides rail transportation services for the energy, metals and mining. The Russian Direct Investment Fund is Russia’s sovereign wealth fund established in 2011 to make investments in leading companies of high-growth sectors of the Russian economy. The deal is aimed at expanding NefteTransService’s fleet of rolling stock and strengthening its position in the railway logistics market.

Led by Corporate partner Julien Hansen, the Moscow-based team included senior associate Ilya Skalkov and associate George Avery.