Infracapital invests in B Capital’s portfolio company BCP Metering to support digitalisation and decarbonisation of energy infrastructure in Germany
Infracapital, M&G’s infrastructure private equity investment arm, has acquired a stake in BCP Metering - a leading provider of sub‑metering and billing services in Germany – alongside existing investor, B Capital Partners (B Capital).
BCP Metering installs and provides long-term rental of sub-metering equipment to multi-tenanted residential schemes and property management companies. Its services enable accurate monitoring and management of energy usage and costs for landlords and tenants, supporting more efficient energy consumption as well as decarbonisation. The business operates in the German market, which has strong long-term growth potential, largely driven by the ongoing digitalisation of the grid and overall energy infrastructure including residential.
The investment will support BCP Metering’s next phase of growth, building on the substantial progress made to date by B Capital. B Capital and Infracapital will continue to pursue a consolidation strategy in a highly fragmented sub-metering provider market, further scaling the platform through organic growth and targeted acquisitions alongside BCP Metering’s management team.
The investment is being made through Infracapital Partners IV and reflects the continued deployment of capital into a diversified portfolio of essential infrastructure assets across Europe. Infracapital has a strong track record of investment in energy and utilities, including supporting smart energy infrastructure through investments such as its former ownership of the UK-based Calvin Capital (now known as Calisen Metering).
Herman Deetman, Managing Director at Infracapital, said: “BCP Metering operates in an established and resilient segment of the infrastructure market, with strong underlying demand driven by greater transparency requirements and digitalisation. We look forward to supporting the company at an exciting stage of its development as it delivers on its growth strategy and continues to build its position in the German market.”
Dr. Barbara Weber, Founding Partner at B Capital Partners, said: “We are delighted to welcome Infracapital as a strategic partner at an important stage in the platform’s development. With strong growth momentum, an active acquisition pipeline and supportive dynamics in Germany, the business is well positioned to continue its expansion.”
Media enquiries
M&G Media Relations for Infracapital
Rebecca Talbot Ambrose Fullalove, FTI Consulting
Tel: 07827 820428 Tel: 07970 982748
Rebecca.Talbot@mandg.com ambrose.fullalove@fticonsulting.com
About BCP Metering
BCP Metering provides sub‑metering and billing services for heat and water to multi‑dwelling properties across Germany. Its core activities include the rental of metering equipment and the delivery of billing services, enabling landlords to comply with regulatory requirements for individualised energy consumption reporting.
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 actively manage our investments to fulfil their potential and ensure they are adaptable and resilient. Our approach creates value for investors and our portfolio companies work closely with the communities where they operate. Our 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 and investments business, managing money for around 4.2 million retail customers and more than 1000 institutional clients in 38 offices worldwide. Total assets under management are £371 billion (as at 31 March 2026).
About B Capital Partners
B Capital is an independent, partner-owned investment house, established in 2003 in Zurich. It invests in sustainable, next generation infrastructure in the lower mid-market in the broader transition space, which it builds to scale. B Capital does so by focusing on targets in North-Western Europe that deliver both, high financial returns as well as a high positive impact on the climate and biodiversity
Since 2010, B Capital has been investing and advising capital of ca. EUR 3 billion across Europe. Since inception, B Capital – with/and all its investment vehicles - is committed to high corporate ethics as well as Art. 9 SFDR. B Capital is a signatory to Finance for Biodiversity, UNPRI, Swiss Sustainable Finance, and a member of GRESB. B Capital is known for being a pioneer, moving early into underserved markets based on its excellent research.