Infracapital completes second investment in new Leipzig S-Bahn fleet alongside Rock Rail to further expand presence in Germany’s rolling stock market

Infracapital – M&G’s infrastructure equity arm, has successfully completed its second investment in the German rolling stock market by investing in a 41-strong fleet of new electric trains destined for Leipzig – one of the fastest growing regions in Germany. Partnering with Rock Rail – an independent developer, owner and asset manager of rail infrastructure – the investment helps to support the country’s development of sustainable public transport and aligns with Infracapital and Rock Rail’s commitment to green infrastructure. 

Infracapital’s investment will deliver a state of the art, energy efficient fleet of Siemen’s Mireo trains, which will increase the capacity, reliability and comfort of Leipzig’s public transport system, whilst reducing its environmental impact. Serving the Central S-Bahn and the tunnel on the S3, S5 and S5x lines of the Leipzig network, the fleet will be leased to Die Länderbahn GmbH, (a subsidiary of Netinera), as operator for a period of 12 years, starting in December 2026. 

Electrified rolling stock is a key part of Germany’s plan to decarbonise its transport sector and achieve its climate goals. According to the Ministry of Transport and Digital Infrastructure, electrified rail transport can save up to 80% of CO2 emissions in comparison to diesel-powered trains, offering higher performance, lower operating costs and less noise pollution than conventional trains.

Infracapital made its entry into the German rolling stock market last year in partnership with Rock Rail with an objective to replace ageing fleets and develop Germany’s sustainable rail market. 

Priya Veerapen, Managing Director at Infracapital, said: “We are pleased to have secured this follow on investment in the Leipzig Central German S-Bahn Network 2025+ fleet alongside Rock Rail, which builds on our ongoing partnership and ambition to support the delivery of improved sustainable transport systems in a market which holds significant growth potential.”

Infracapital is part of M&G plc’s £73 billion Private Markets division. 

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About Infracapital

Infracapital invests in, builds and manages a diverse range of essential infrastructure to meet the changing needs of society and support long-term economic growth. We take an active role in all of our investments, whether nascent or large, to fulfil their potential and ensure they are adaptable and resilient. Our approach creates value for our investors, as we target investments with the scope for stable and sustainable growth. Our portfolio companies work closely with the communities where they are based, to the benefit of all stakeholders. Infracapital is well positioned to deliver the significant investment required to help build the future. The founder-led team of experienced specialists has worked with more than 60 companies around Europe and has raised and managed over €9 billion of client capital across seven funds.  Infracapital is part of M&G Plc, an international savings and investments business, managing money for around 5 million retail customers and more than 900 institutional clients in 38 offices worldwide. Total assets under management are £343.5 billion (as at 31 December 2023).