Infracapital to Acquire Relobus from Mutares

Infracapital's acquisition of Relobus aligns with its strategy to invest in essential infrastructure, as evidenced by its focus on acquiring and managing diverse core infrastructure assets across Europe since its founding in 2001. The deal is particularly notable given Relobus's recent award of three new 10-year public contracts in Warsaw and Gdansk, which will provide a stable revenue stream for Infracapital. By acquiring Relobus, Infracapital is supporting long-term economic growth in Poland, a key geography for the firm. The transaction is expected to close in Q2 2026, subject to customary closing conditions. Infracapital's parent company, M&G, will likely benefit from this acquisition, given its focus on delivering sustainable, profitable growth. The acquisition terms, although not disclosed, are likely to be attractive given the stability of Relobus's contracts. Infracapital's experience in managing infrastructure assets will be crucial in optimizing Relobus's operations. Infracapital's acquisition of Relobus is a testament to its ability to identify attractive investment opportunities in the European infrastructure space. Mutares SE & Co. KGaA, the seller, has a strong track record of acquiring and exiting medium-sized industrial companies, with pro forma revenues of ~€4.8 billion in 2023 from ~30 portfolio firms. As a leading European infrastructure investor, Infracapital has demonstrated its commitment to investing in essential infrastructure, with Relobus being a prime example. M&G's international presence and focus on sustainable growth will likely support Infracapital's future investments in the region. With Relobus operating urban and regional bus services in Poland, Infracapital will be able to leverage its expertise to improve the efficiency of these services. The deal is a prime example of Infracapital's ability to execute on its investment strategy, with a strong focus on Europe and essential infrastructure.