M&GPrudential adds UK rail operator to private assets portfolio

Unlisted infrastructure equity arm Infracapital acquires GB Railfreight – the UK’s third largest rail freight operator

London - M&GPrudential, a leading savings and investment business, today announces that Infracapital, its unlisted infrastructure equity arm, has acquired GB Railfreight Limited.

GB Railfreight, the UK’s third largest rail freight operator, is the fourth investment by the Infracapital Partners III Fund, which closed to fund raising in the middle of 2018. GB Railfreight is the UK’s third- largest rail freight operator, providing essential freight and non-freight haulage services to customers in a number of the country’s critical industries.

Infracapital is acquiring the operator from EQT Infrastructure, a global investment company, for an undisclosed sum. The deal is in line with Infracapital’s strategy to acquire essential assets and businesses which are key to economic growth.

Infracapital has raised and managed over £5 billion of unlisted equity in infrastructure companies on behalf of institutional clients including the life funds of M&GPrudential.

M&GPrudential is one of Europe’s largest investors in private assets with a portfolio of £60 billion across infrastructure, real estate, private debt and other real assets.

Martin Lennon Head of Infracapital, said: “GB Railfreight is an excellent addition to the portfolio of our third operating infrastructure fund. It is ideally positioned to increase its share of the resilient and growing UK rail freight market. We look forward to working GB Railfreight’s first-class management team.”

Download a PDF of the release

If you require any further information, please contact:

Notes to Editors

GB Railfreight is the UK’s third largest rail freight operator, moving about 23 per cent of the country’s rail cargo. Its fleet, comprises more than 150 locomotives and almost 1,500 wagons, transporting goods for a wide range of customers. Among the many customers for whom it transports freight are Network Rail, MS C, Bombardier, Drax, Tarmac and Aggregate Industries. The company employs 900 people.

The company has a presence in several large deep sea ports in the UK, including Felixstowe, Southampton and London Gateway.

OpenAbout Infracapital

Infracapital, the unlisted infrastructure equity arm of M&GPrudential, invests in, builds and manages a divers e 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.

OpenAbout M&GPrudential

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.

M&G Securities Limited: Terms and Conditions for downloading Photographic material

1. Introduction

Welcome to the myM&G campaign landing page (the "Website"). The Website is operated by M&G Securities Limited (“M&G”, “we”, “us” or “our”). By accessing or using the Website and downloading any photographs, images, graphics, or any other visual content available for download or stored on the Website or M&G’s content management system (the “Photos”), you (“You”) represent to have read, understand and agree to comply with and be bound by these Terms and Conditions (the "Terms"), forming a binding agreement between You and us. If You do not agree to these Terms, please do not use the Website.

2. Intellectual Property Rights

All Photos available on the Website are the property of M&G or its licensors and are protected by copyright, trade mark, and other intellectual property laws. Unauthorised use of any Photos or content is strictly prohibited.

3. Permitted Use

Subject to your compliance with these Terms, M&G grants You a limited, non-exclusive, non-transferable, and revocable licence to download and use the Photos available on the Website for any purpose, except for purposes which are defamatory, derogatory, related to pornography, otherwise indecent, or involve the creation or dissemination of AI-generated “deep fake images”. Photos can only be downloaded from the hidden URL provided in the press release.

4. Additional prohibitions

You agree that You will not:

(a) modify, alter, or create derivative works from the Photos;

(b) use the Photos in any manner that infringes on the intellectual property rights of M&G or any third party;

(d) share the hidden URL with any unauthorised third party.

5. Attribution

When using the Photos, You must provide appropriate credit to M&G by including a link to our Website or mentioning the source in a manner that is reasonable and customary.

6. Disclaimer of Warranties

The Photos on the Website are provided “as is” without any warranties of any kind, either express or implied. M&G does not warrant that the Photos will be error-free or that your access to the Photos will be uninterrupted.

7. Limitation of Liability

In no event shall M&G be liable for any direct, indirect, incidental, special, or consequential damages arising out of or in connection with the use of the Photos, even if M&G has been advised of the possibility of such damages. As the Photos are provided free of charge, M&G's total liability to You for any damages, losses, and causes of action shall not exceed the amount paid by You for accessing the Photos, which is nil.

8. Indemnification

You agree to indemnify and hold harmless M&G, its affiliates, and their respective officers, directors, employees, and agents from and against any claims, liabilities, damages, losses, and expenses arising out of or in any way connected with your use of the Photos.

9. Changes to these Terms

M&G reserves the right to modify these Terms at any time. Any changes will be effective immediately upon posting on the Website. If a "click to accept" mechanism is not implemented, You will be notified of changes to the terms via email or a prominent notice displayed on the Website. Your continued use of the Website after any changes constitutes your acceptance of the new Terms.

10. Governing Law

These Terms shall be governed by and construed in accordance with the laws of England and Wales, without regard to its conflict of law principles. Any disputes arising out of or in connection with these Terms, including any questions regarding their existence, validity, or termination, shall be subject to the exclusive jurisdiction of the courts of England and Wales.

11. Contact Information

If you have any questions or concerns about these Terms, please contact us at [email protected].

2025 apprenticeships open now

Reframing later life