Bahrain fund on track for Freightliner?

The fund is on the verge of entering exclusive discussions to buy the business after Freightliner's private equity owners, 3i and Electra Partners, appointed NM Rothschild earlier this year to sell the company according to reports in the UK's Sunday Telegraph. French rail operator SNCF and Go-Ahead are also understood to have made it into the final stages of the auction and have been in negotiations to buy the business for several weeks. If Arcapita fails to strike a deal in the next few days, it is thought that SNCF and Go-Ahead could still buy the business. Freightliner was sold to 3i and Electra for just under £10m as part of a privatisation.