Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. M&G plc
  6. News
  7. Summary
    MNG   GB00BKFB1C65


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

M&G's Infracapital raises €1.5 billion to invest in sustainable European infrastructure

11/09/2021 | 04:33am EST

9 November 2021

M&G's Infracapital raises €1.5 billion to invest in sustainable European


  • Over 50 per cent of the capital is already allocated to companies at the forefront of
    delivering energy transition or digital connectivity

Infracapital, the infrastructure team at M&G plc, today announces the final close of its latest greenfield infrastructure investment strategy, raising €1.5 billion from a global investor base.

The strategy, which seeks to build, deliver and operate essentialand sustainable infrastructure across Europe, has already allocated more than 50 per cent of the capital to invest in businesses that are either involved in energy transition and decarbonisation or providing fibre connectivity to underserved regions. The five portfolio companies are:

  • Zenobe- one of Europe's leading independent owners and operators of battery storage and provider of services to electric vehicle operators
  • Fibrus- a broadband provider transforming Northern Ireland's digital landscape
  • Spectrum- a Telecoms company behind a major roll out of high-speed broadband in underserved areas of South Wales
  • EnergyNest- a Norwegian thermal battery company deploying innovative technology to decarbonise energy intensive industries and improve their sustainability
  • A partnership with Enel X / Endesa delivering Electric buses in Southern Europe

The strategy seeks to support the changing needs of society whilst delivering sustainable returns for investors. Existing investors, including Prudential's With Profits Fund, provided over 75 per cent of the capital raised for the strategy, while the team welcomed new investors from across the UK, continental Europe, Asia, North America and the Middle East.

Jack Daniels, Chief Investment Officer, M&G plc, says: "Growing businesses that are playing an important role in combating climate change or are enabling the digital revolution demonstrates how institutional capital can be carefully deployed to the benefit of society as a whole, as well as seeking to generate investment returns for pension funds and other like-minded institutions."

Martin Lennon, Co-founder and Head of Infracapital, says: "Infracapital has been investing in infrastructure for 20 years and the need for sustainable, essential infrastructure across Europe has never been greater, particularly in a post pandemic world, where private capital will play a critical role in supporting economies and delivering on net zero commitments."


Media enquiries:

Irene Chambers


+44 (0)20 8162 3284

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 for asset management in South Africa, 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.


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.


M&G plc published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 09:32:07 UTC.

© Publicnow 2021
All news about M&G PLC
01/26Barclays, M&G, Starling Bank, Pimco Compete to Purchase Kensington Platform, Assets
01/26M&G takes a stake in Moneyfarm to boost UK digital offer
01/26M&G Partners With Moneyfarm to Offer Direct Investment Services in UK
01/24M&G : Launches a sustainable equity fund to address diversity and inclusion
01/17Britain's M&G Names Barclays Treasurer as CFO
01/17M&G plc Announces Executive Changes
01/17M&G plc Appoints Kathryn McLeland as Executive Director
01/06M&G Gets Regulatory Approval To Complete Acquisition Of Sandrigham
01/06Deutsche Bank Lifts M&G PT, Keeps Hold Rating
More news
Analyst Recommendations on M&G PLC
More recommendations
Sales 2021 21 138 M 28 404 M 28 404 M
Net income 2021 140 M 188 M 188 M
Net Debt 2021 8 267 M 11 109 M 11 109 M
P/E ratio 2021 40,2x
Yield 2021 8,48%
Capitalization 5 429 M 7 337 M 7 295 M
EV / Sales 2021 0,65x
EV / Sales 2022 0,59x
Nbr of Employees 5 961
Free-Float -
Chart M&G PLC
Duration : Period :
M&G plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends M&G PLC
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 14
Last Close Price 214,50 GBX
Average target price 237,15 GBX
Spread / Average Target 10,6%
EPS Revisions
Managers and Directors
John William Foley Chief Executive Officer & Executive Director
Paul David Cooper Chief Financial Officer
Fiona Jane Clutterbuck Chairman
Jonathan Mark Brewis Daniels Chief Investment Officer
Clare Eleanor Thompson Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capi. (M$)
M&G PLC7.52%7 337
BLACKROCK, INC.-13.12%121 128
UBS GROUP AG3.11%63 469