Traxtion is the leading privately owned rail operator on the African continent and operates in ten different African countries.
Pallidus has partnered closely with Traxtion since 2021, gaining deep insight into the African rail sector and the strategic priorities and capital needs of Traxtion.
Earlier this year, Traxtion was presented with the opportunity to acquire 46 new locomotives (an investment that would nearly double its fleet) and the company needed to secure substantial funding to pursue this exceptional, potentially transformative opportunity. In undertaking the capital raise, Traxtion and Pallidus worked together to structure and execute a solution that aligned with the strategic and financial objectives of existing shareholders, while ensuring full regulatory compliance within accelerated execution timelines.
With expansive and integrated transactional expertise, Pallidus acted as Traxtion’s trusted corporate advisor, leading the full capital-raising process. This included preparing comprehensive information memorandums, building detailed financial models, engaging and managing discussions with prospective investors and funders, and negotiating terms that ensured the capital raise met the financial and strategic priorities of all stakeholders. Pallidus delivered an outcome that advances Traxtion’s ambition to reshape the rail sector.
Echoing the CEO’s view that this is “a catalytic project marking the start of a reformed and competitive rail freight environment”, Pallidus’ ability to connect capital positions Traxtion for accelerated growth and regional expansion.
