Pamplona buys UK firm Beacon Rail for around $450 mln

LONDON Tue May 6, 2014 3:12am EDT

LONDON May 6 (Reuters) - Investment manager Pamplona Capital Management is to buy UK train leasing company Beacon Rail for around $450 million from a subsidiary of Japan's Mitsubishi UFJ Financial Group.

Pamplona said on Tuesday that the acquisition from BTMU Capital, a Mitsubishi subsidiary, came as part of its Fund III. Last month Pamplona bought a majority stake in pharmaceutical company Alvogen. (Reporting by Freya Berry; editing by Simon Jessop)

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