Simpson Thacher is representing KKR & Co. Inc. (“KKR”) on its agreement to sell Infinity Transportation (“Infinity”), a scaled, full-service railcar and intermodal equipment lessor, to Ares Infrastructure Equity and Ares Insurance Solutions funds for an enterprise value of approximately $2.9 billion.
KKR’s wholly owned subsidiary, Global Atlantic, has invested in Infinity since 2016. Since 2021, Infinity, with KKR’s support, established its standalone operating platform and expanded its fleet, increasing book value by 150% and scaling the business into one of the largest railcar lessors in the United States.
The Simpson Thacher team includes Tim Gaffney, Sven Mickisch, Hilel Pohulanik, Eva Xu, Yun-Wen (Molly) Tsang and Jake Parsons (Financial Institutions); Marcy Geller, Edward Grais and Mohanad Salaimi (Tax); Gillian Emmett Moldowan, Matthew Behrens and Katherine Howard (ECEB); Jamie Talbot, Dewey Kang and Isabella Gonzalez (IP); Niels Jensen and Jeffrey Kim (Structured Products); Peter Guryan and Max Fischer-Zernin (Antitrust); and Patrick Wolff (Credit).