Arcus Infrastructure Partners LLP

Asset ManagerNeil Krawitz

Overview

  • Sector transport
  • Vehicle AEIF1
  • Investment Year 2008
  • Status Invested
  • Country Luxembourg

Key Metrics

  • Ownership 51.1% 1
  • GRESB 2017 6th out of 24 European transport assets
  • Employees c.100
  • Locomotives 377
  • Passenger Trains 435

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, Madrid and Cologne.
  • 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 six years. The vehicles typically have long lifespans of over 25-30 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 manage by Arcus, including AEIF1’s holding and the Arcus-managed co-investment holding.