Private equity firm KKR has agreed to sell railcar and intermodal equipment lessor Infinity Transportation to Ares Management for an enterprise value of approximately $2.9 billion. Infinity manages around 50,000 railcars across North America. The acquisition will be funded by Ares Infrastructure Equity and Ares Insurance Solutions funds, with completion targeted for the first quarter of 2027, subject to regulatory approvals.
Ares Real Estate has formed a European logistics investment partnership with Norges Bank Investment Management, supported by a €1.5 billion equity commitment from NBIM. The strategy focuses on modern, high-quality assets serving supply chain, distribution and e-commerce needs across Europe. It will utilise Ares’ global operating platform, Marq Logistics.
KKR and its European industrial platform, Mirastar, have acquired an eight-property UK logistics portfolio from Ares Real Estate funds. Spanning 2.7 million square feet across key distribution hubs like Milton Keynes and Doncaster, the fully occupied assets feature a nine-year weighted average lease term to break. Supported by strong sustainability ratings and investment-grade tenants, the acquisition expands Mirastar’s European presence.
