Asset ManagerNeil Krawitz
Overview
- Sector transport
- Vehicle Managed Account
- Investment Year 2008
- Status Invested
- Country Luxembourg
Key Metrics
- GRESB 2023 1st out of 22 Rail companies
- Employees c.132
- % managed 58.3% 1
- Passenger Trains 451
- Locomotives 413
Market
- Ongoing liberalisation of the European rail market provides significant opportunities for growth.
- Green agenda, investment in new freight corridors and electrified lines encouraging more travel and goods transportation via rail and providing support to private sector rolling stock.
- Commercially and technically complex industry with meaningful barriers to entry related to multi-country safety, engineering and signalling requirements.
Asset
- Alpha is based in Luxembourg and has operational bases in Antwerp, Cologne, Warsaw, Madrid and Paris.
- Alpha benefits from efficiencies as a market leader with scale to manage and grow its assets effectively, in a complex market characterised by strong entry barriers.
- Long term leasing contracts.
- Alpha has a young fleet with an average age of seven years. The vehicles typically have long lifespans of up to 40 years.
- Since acquisition, Arcus has worked closely with Alpha management to more than triple the size of the company’s fleet and EBITDA.
1 The combined holding managed by Arcus, which comprises several Arcus-managed accounts.