GB Railfreight Announce New Ownership

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GB Railfreight Announce New Ownership

GB Railfreight announced on Monday 23 September that EQT’s infrastructure portfolio company, Hector Rail Group, has sold the business to Infracapital – the unlisted infrastructure equity arm of M&GPrudential.

Over the past three years under EQT’s tenure, GB Railfreight has grown considerably, expanding across the length and breadth of the UK and into new markets. The most exciting for the company being the intermodal market, with a range of new routes. This includes a new Southampton to Manchester intermodal service which launched earlier this month, serving one of the UK’s leading deep-sea container ports.

Together EQT and GB Railfreight have seen the business become the third largest rail freight operator in the UK, with over 900 employees and a turnover in excess of £200 million a year. GB Railfreight now operates over 1,000 trainloads a week, moving approximately 23% of UK’s rail cargo.

It was been an incredibly successfully time for GB Railfreight and under Infracapital the business will continue grow to deliver a reliable and high-quality service for customers.

John Smith, Managing Director at GB Railfreight, said:

“We have grown at an incredible rate under EQT. It has been a real pleasure working with EQT over the past three years to become a leading rail freight provider. As a business we are now entering an exciting time with Infracapital – I look forward to working closely with our new owners to maintain and surpass our growth ambitions.”

Martin Lennon, Head of Infracapital, said:

“GB Railfreight has shown strong growth in the UK rail freight sector and expanded into new markets, identifying the business as a leader in rail freight. It not only leads in innovation but its environmental credentials set it apart from competitors. We are delighted to be part of the business’s future growth and success.”

-ENDS-

About GB Railfreight

Founded in 1999 and headquartered in London, United Kingdom, GB Railfreight is the third largest rail freight operator in the United Kingdom, with a turnover expected to exceed £200 million in 2019. GB Railfreight is one of the fastest growing companies in the railway sector and transports goods for a wide range of customers.

For further information, please contact:
Cicero Group 020 3397 0100
GBRF@cicero-group.com
Visit www.gbrailfreight.com

About Infracapital

Infracapital, the unlisted infrastructure equity arm of M&GPrudential, 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 take an active role in all of our investments, whether nascent or large, to fulfil their potential and ensure they are adaptable and resilient. Our approach creates value for our investors, as we target investments with the scope for stable and sustainable growth. Our portfolio companies work closely with the communities where they are based, to the benefit of all stakeholders. Infracapital is well positioned to deliver the significant investment required to help build the future. The founder-led team of experienced specialists has worked with 50 companies around Europe and has raised and managed over £5 billion across five funds.

M&GPrudential is a leading savings and investments business which was formed in 2017 through the merger of Prudential plc’s UK and Europe savings and insurance operation and M&G, its wholly-owned international investment manager. In March 2018, Prudential plc announced its intention to demerge M&GPrudential and give it a premium listing on the London Stock Exchange. In August 2019, M&GPrudential announced its intention to list its shares under the name M&G plc when it demerges from Prudential plc in the fourth quarter of this year.

www.infracapital.co.uk

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