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10 Nov 2025

 

Energy & Infrastructure Finance advises Infracapital on a €160m refinancing for Inland Terminals Group

Infracapital and inland terminals group logos


Our role

Our UK Energy & Infrastructure Finance team advised Infracapital, the infrastructure equity investment arm of M&G, on the €160m senior debt refinancing of its Benelux multi-modal transportation platform, Inland Terminals Group (ITG).

Acting as Financial Adviser, Mandated Lead Arranger and Hedging Provider, we delivered a tailored and robust financing solution that attracted strong market liquidity and substantial oversubscription from leading infrastructure banks and institutional investors.

By improving intermodal connectivity, Inland Terminals Group supports more efficient logistics networks that can lower transport-related emissions where rail and barge alternatives are available.

Antonio Cravo, from Investec’s Energy & Infrastructure Finance UK team, stated: “Our strong relationship with Infracapital, alongside our comprehensive understanding of ITG’s credit profile and market landscape, enabled us to deliver a tailored and robust financing solution, which positions ITG for continued successful growth. Where feasible, multimodal inland transport can be an important lever for lowering logistics emissions by enabling shifts from long-haul road to rail or barge."

Lee Hamano-Crossingham, Director, Infracapital, said: “This transaction is a significant milestone for ITG, providing us with the financial stability and resources to continue our growth trajectory. We are delighted to continue our partnership with Investec and we are grateful to the Energy & Infrastructure Finance team for their support and expertise in structuring this transaction, which will undoubtedly benefit our business for years to come.”
 

About Infracapital

Infracapital is the infrastructure equity investment arm of M&G. Established in 2001, it invests in, builds and manages a diverse range of essential infrastructure to meet the changing needs of society and support long-term economic growth.

The founder-led team of experienced specialists has worked with more than 60 companies around Europe and has raised and managed over €9 billion of client capital across seven funds.
 

About Inland Terminals Group

Inland Terminals Group connects inland waterways to realise sustainable and efficient container transport. With the benefits of our strong network and over thirty years of experience and expertise, we transport more than 500,000 containers for import and export annually to and from the ports of Rotterdam and Antwerp. We connect our inland container terminals in the Benelux with barges to these ports. Trucks - including our ongoing diesel fleet, handle the final leg between the terminal and your distribution centre or factory. ITG continues to operate efficient diesel trucks alongside our broader sustainability initiatives.

Inland Terminals Group’s ambition is clear: emission-free inland container transport. As leader in this transition, we continuously work towards solutions that bring us closer to this goal. This includes shore power at our terminals, electric barges and trucks, and wind turbines next to our terminals to supply us with green energy.

The Inland Terminals Group is fully owned by Infracapital.

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