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Taylors Get Rail Deal on Track!

» Posted on: 28 May 2007
» Posted by: Elaine Hurn
» Service area: General

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Leading commercial law firm Taylors recently advised Fraser Eagle Group, one of the UK’s leading suppliers of managed travel and transport services, on the multi-million pound sale of their stake in a railway company.

Fraser Eagle’s Maltese based sister company, ADFX Limited, has more than tripled the investment in York-based Grand Central Railway it made around 2 years ago, and Taylors were an integral part of the successful sale. New kid on the block, Grand Central Railway, had recently won the hotly contested final approval for their track access application to launch a new East
Coast mainline service operating 3 trains daily between Sunderland and Kings Cross against competition from established rail operating companies.

The sale to a private equity backed investment group was led by Taylors’ Managing Partner, Elaine Hurn, who said “Our close working relationship with Fraser Eagle over many years and our expertise in this type of deal allowed us to act swiftly on this high profile yet delicate transaction”.

Fraser Eagle Group Managing Director, Kevin Dean, said of the deal, “This is great news for Fraser Eagle because it secures the long term future of the Company and gives Fraser Eagle Group and Malta based ADFX the funds we need to develop new initiatives including an insurance capture, destination management company and business centre”.

Dean continued, “We knew that Taylors not only had the expertise and direct approach we needed but also that they would ensure this complex transaction would be delivered to the very tight timescale”.

Taylors, who have experienced an extremely strong deals flow recently, ascribe their success to a committed partner led service concentrating on long term client relationships where in depth knowledge proves invaluable.

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