Arcus Infrastructure Partners LLP

Asset ManagerStefano Brugnolo

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Overview

  • Sector energy
  • Vehicle AEIF3
  • Investment Year 2023
  • Status Invested
  • Country Germany

Key Metrics

  • Ownership 99%
  • Companies 12
  • Dwellings 285,000
  • Devices 1.2m

Stable B2B2C business model in a regulated market with low customer turnover.

Track record of organic growth increasing market share in a growth environment.

Continuous platform strategy with 12 successfully completed acquisitions since foundation and further pipeline to capture.

Market

  • Large, mature market supported by longstanding energy efficiency regulation and characterised by high barriers to entry, low customer churn and asset-backed contracts covering the entire technical life of the equipment installed
  • Secure and predictable contracted cashflows from installed asset base, with inflation-linked pricing adjustments  
  • Fragmented market landscape providing opportunities for Officium to consolidate and drive inorganic growth 

Asset

  • Fast growing independent submetering services provider  
  • Operates across eleven German states through twelve subsidiaries  
  • Diversified portfolio of assets backed by 5-10-year rental contracts and rolling reading and billing contracts  
  • Strong growth track record, increasing its market share organically and inorganically with eleven acquisitions since 2020  
  • Platform strategy with ongoing integration of businesses and further professionalisation of the organisation