Investec leads €160m refinancing of Infracapital’s Inland Terminals Group

Investec Bank plc, a leading international financial services provider, today announced that its Energy & Infrastructure Finance UK team has advised Infracapital, the infrastructure equity investment arm of M&G, on a €160m senior debt refinancing for Inland Terminals Group (“ITG”), the leading, multi-modal, inland transportation operator in the Benelux region.

Investec’s partnership with ITG began in 2022 when it provided a cornerstone debt commitment to support the acquisition of multi-modal logistic players BCTN and MCS, by Infracapital, paving the way for the establishment of ITG. Since then, ITG has experienced significant growth, achieving a threefold increase in its EBITDA. Today, they are the largest inland terminal operator in the Benelux region, with 17 terminals across the Netherlands and Belgium and operating a fleet of barges that offer a lower carbon alternative to road transport.

Acting as Financial Adviser, Mandated Lead Arranger and Hedging Provider, Investec advised Infracapital and ITG, running a competitive process to arrive at the optimal financing structure, driving strong market liquidity and achieving substantial oversubscription from leading infrastructure banks and institutional investors.

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. Multi-modal inland transportation is essential to the decarbonisation of global supply chains and we are proud to continue supporting both ITG and Infracapital in advancing this important initiative.”

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.”