Infracapital completes third investment in Germany’s rolling stock market alongside Rock Rail after investing in Mittelthüringer Akku-Netz’s battery-electric fleet
Infracapital, the infrastructure equity investment arm of M&G, has successfully completed its third investment in the German rolling stock market by funding a new battery-electric multiple unit (BEMU) fleet for the Mittelthüringer Akku-Netz (MAN) network in Thuringia, Germany. The investment supports the state’s local transportation network electrification with the fleet entering service in December 2028 and will be initially leased to DB Regio AG as operator for a period of 15 years.
The transaction builds on Infracapital’s partnership with Rock Rail, an independent developer, owner and asset manager of rolling stock and other rail infrastructure, supporting the delivery of sustainable rail transport in Germany. It is the second follow-on investment for Infracapital’s Marble platform following the successful closing of MDSB Lots 1 and 2 (procured for the Leipzig Central German S-Bahn Network).
The MAN project involves the procurement and financing of 19 Stadler FLIRT Akku BEMUs that will replace the end-of-life diesel trains on key regional routes in central Germany. The new vehicles make it possible to operate electric trains on non-electrified lines, demonstrating the importance of this investment in advancing the development of more sustainable rail transport and the decarbonisation of Europe’s rail networks.
The investment will benefit local communities in the region, as well as promote inclusion and tourism, and offer access to economic opportunities across a network that totals approximately 3.6 million train kilometres per year.
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: “We are pleased to have completed this further investment into Germany’s rolling stock market alongside Rock Rail. This partnership builds on the strong progress made so far, providing the Marble platform with scale, and we are proud to be supporting DB Regio AG in the shift towards decarbonisation and the development of more sustainable transport in Germany. We look forward to continuing to develop the Marble platform in the coming years and providing access to attractive investments with strong environmental credentials for our investors.”
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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 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).