Eversholt Rail Group

rdf:langString Eversholt Rail Group

rdf:langString United Kingdom

rdf:langString April 1994

rdf:langString Mary Kenny

rdf:langString England

rdf:langString Eversholt Rail Group.png

rdf:langString Rolling stock leasing

rdf:langString Eversholt Rail Group is a British rolling stock company (ROSCO). Together with Angel Trains and Porterbrook, it is one of the three original ROSCOs created as a result of the privatisation of British Rail. Eversholt was established in March 1994 and was promptly privatised one year later via a £580 million management buyout. During February 1997, it was acquired by the Midland Bank and briefly renamed Forward Trust, and again renamed HSBC Rail. The company has primarily operated within the UK market, but between 2000 and 2009, HSBC Rail was also active on the European leasing market as well, before selling off this arm of the business to rival leasing firm Beacon Rail. As HSBC Rail, it was involved in the supply of 28 British Rail Class 395 high speed train sets from Hitachi Europe in a £250 million contract. The company also submitted an unsolicited response to the Intercity Express Programme, which was dismissed. In January 2010, HSBC Rail was rebranded back to the Eversholt Rail Group before being sold onto a consortium of private finance companies. It changed hands again during January 2015, being bought by a consortium of CK Hutchison Holdings and Cheung Kong Infrastructure Holdings. During the 2010s, the company focused on either selling or retrofitting aging elements of its rolling stock fleet.