Porterbrook Leasing Company was created in 1994 under the privatisation of British Rail. It is one of three Rolling Stock Owning Companies or ROSCOs that leases trains to the franchised Train Operating Companies (TOCs) and Freight Operating companies (FOCs) in the UK.
At privatisation Porterbrook owned approximately 30% of the UK passenger rolling stock fleet and since then has invested almost £2bn in new equipment making it the second largest of the ROSCOs and the only one which has increased its market share of the passenger market.
Originally a management buyout Porterbrook was sold to Stagecoach in 1996 and then to Abbey National Treasury Services in 2000. In December 2008 it was sold to a consortium of investors; Antin Infrastructure, Deutsche Bank, Lloyds TSB and OP Trust.
Lloyds TSB subsequently exited the consortium in October 2010.
Porterbrook offers a full range of leasing products to the UK rail industry and currently has business with 16 of the 17 franchised passenger operators and all 4 of the large rail freight operating companies.
Porterbrook has been highly focused in the areas in which it has invested concentrating on the Electric Multiple Unit (EMU) and Diesel Multiple Unit (DMU) sectors which it believes offers the most advantageous business opportunities.
With a strong presence in the UK rail industry created by a fleet of modern, reliable and desirable trains, Porterbrook is well positioned to benefit from predicted growth in passenger numbers and the need for continued investment.