Infracapital completes fourth investment in Germany’s rolling stock market alongside Rock Rail after investing in Elektronetz Nord-Magdeburg electric fleet
Infracapital, the infrastructure equity investment arm of M&G, has built on its long-term partnership with Rock Rail, an independent developer, owner and asset manager of transport infrastructure, by successfully completing its fourth investment in the German rolling stock market. The latest project will involve funding a new electric multiple unit (EMU) fleet for the Elektronetz Nord-Magdeburg (ENORM) network in Magdeburg and Halle, further supporting the delivery of sustainable rail transport in Germany.
This transaction for Infracapital and Rock Rail’s Marble platform follows the successful closing of MDSB Lots 1 and 2 (procured for the Leipzig Central German S-Bahn Network) and the completion of the Mittelthüringer Akku-Netz (MAN) transaction in August this year. As with MAN, the fleet will be financed on a sale-and-leaseback structure and will be initially leased to DB Regio AG as operator for a period of 15 years beginning in December 2028.
The ENORM project involves the procurement and financing of 16 three-car Siemens Mireo EMUs and 19 four-car Siemens Mireo EMUs that will replace an ageing fleet of EMUs and locomotive-hauled coaches. The investment will benefit local communities around Magdeburg and Halle, providing connections to surrounding key cities and an enhanced passenger experience across the ENORM network, whilst supporting the decarbonisation of Europe’s rail networks.
The Marble platform is part of Infracapital Greenfield Partners II which builds, delivers and operates essential greenfield infrastructure across Europe to meet the changing needs of society and generate long-term economic growth.
Tom Crawley, Managing Director at Infracapital, said: “Completing our fourth investment in Germany’s rolling stock market marks another important step in the shift towards the development of more sustainable transport in the region. Supported by strong market tailwinds and attractive investment characteristics, we are proud to be building on the strong momentum of the Marble platform as we continue to support the delivery of high-quality, low-carbon transport solutions that benefit passengers and communities across Germany.”
Media enquiries
For further information, please contact:
Infracapital via Teneo
Tom Murray
Colette Cahill
E: Infracapital@teneo.com
T: +44 20 7260 2700
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 4.5 million retail customers and more than 900 institutional clients in 39 offices worldwide. Total assets under management are £345.9 billion (as at 31 December 2024).