M&G : Infracapital acquires MCS – a sustainable Dutch container logistics company

15 December 2021

M&G's Infracapital acquires MCS - a sustainable Dutch container

logistics company

• Opportunity to consolidate two businesses to drive sustainable inland shipping in the region

Infracapital, the infrastructure team at M&G plc, is to acquire 100% of Multimodel Container Services Beheer B.V. ("MCS"), one of the Netherlands' largest container logistics companies.

MCS has a large customer base in the north of the Netherlands, with a strong focus on the export of agriproducts, and ships approximately 100,000 containers per year from three terminals in Meppel, Leeuwarden and Groningen. The company provides full-service container logistics, operating 11 barges, each with capacity exceeding 75 standard shipping containers (150+ TEUs), as well as 80 trucks.

Inland shipping is significantly more sustainable than road haulage and is a resilient and growing segment in the Benelux logistics sector, with each barge having the ability to transport the equivalent load of 100 trucks with 75% less CO2 emissions.

The Infracapital strategy acquiring the company is designed to invest in sustainable and essential brownfield infrastructure, to meet the changing needs of society and support long-term economic growth across Europe. Earlier this year, Infracapital acquired BCTN, a leading inland container terminal operator in the Benelux, and the intention is to combine these two companies to create further growth opportunities as customers increasingly look to reduce their environmental impact.

Herman Deetman, Managing Director at Infracapital, said: "We are excited to acquire MCS. As companies of all shapes and sizes increasingly look to reduce their environmental impact, both MCS and BCTN have the opportunity to shape the future of sustainable shipping in the region. These highly complementary businesses are benefitting from the structural shift to barging, which is underpinned by the need to decarbonise and to reduce road congestion around ports, and we look forward to growing this platform in the years ahead."

Nutte Visser, CEO of MCS said: "As management of MCS, we are pleased with Infracapital as a new shareholder with dedicated and in-depth knowledge of the markets in which we operate. Infracapital has expressed their confidence in our growth ambitions and will support us in achieving them. We are therefore looking forward to our collaboration, with which we expect to be able to serve our customers even better in the future."

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About M&G plc

M&G plc is an international savings and investments business, managing money for both individual savers and institutional investors in 28 markets. As at 30 June 2021, we had over £370 billion of assets under management and administration, around 5 million retail customers and more than 800 institutional clients.

With a heritage dating back more than 170 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. We serve our savings and insurance customers under the Prudential brand in the UK and Europe, and under the M&G Investments brand for asset management clients globally.

M&G has committed to achieve net zero carbon emissions on its total book of assets under management and administration by 2050 and committed to reduce operational carbon emissions as a corporate entity to net zero by 2030.

About Infracapital

Infracapital has raised and managed over £6.5 billion of capital across its funds, investing on behalf of institutional investors, including many pension funds in both the UK and Europe.

Infracapital 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 more than 50 companies around Europe across six funds.

www.infracapital.co.uk

This press release reflects the authors' present opinions reflecting current market conditions; are subject to change without notice; and involve a number of assumptions which may not prove valid. It has been written for informational purposes only and should not be considered as investment advice or as a recommendation of any particular security, strategy or investment product. Past performance is not a guide to future performance.

Information given in this document has been obtained from, or based upon, sources believed by us to be reliable and accurate although M&G does not accept liability for the accuracy of the contents.