Arcus Infrastructure Partners LLP

Asset ManagerNeil Krawitz


  • Sector transport
  • Vehicle Managed Account
  • Investment Year 2008
  • Status Invested
  • Country Luxembourg

Key Metrics

  • GRESB 2020 3rd out of 9 Rail companies
  • Employees c.120
  • % managed 51.1% 1
  • Locomotives 398
  • Passenger Trains 471


  • 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.


  • Alpha is based in Luxembourg and has operational bases in Antwerp, Cologne, 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 two Arcus-managed accounts.