Cube Infrastructure Managers

From all of us at Cube, we wish you a very happy festive season❄️ 🚌 Our commitment to transforming essential local infrastructure across Europe has remained steadfast in 2024, and the trust and support we have received from our investors and partners has been invaluable. We look forward to achieving shared successes in 2025💫

A new chapter for Mekka Traffic Group. We are celebrating a historic milestone for our portfolio company. The company, one of Sweden's largest public transport operators, recently announced a name change to Bergkvara and updated its branding, blending its rich history and heritage with forward-looking innovation. Previously operating under four brand names, this marks the beginning of a new chapter for the company and establishes a clearer, stronger market identity. Per Thorsell, Group President of Bergkvara, commented: “By uniting under a single name, we create clarity for both our customers and employees. The new brand is more than just a name – it’s a promise that we stand for quality, sustainability, and accessibility in everything we do." The rebrand comes at a time of exciting growth and new opportunities for the company. It recently began its new traffic assignment to operate all tram services in Stockholm. As part of the new E43 agreement, Bergkvara will oversee not only traffic operations but also traffic planning, passenger information, vehicle maintenance and the management of stops and depots. We are proud of Bergkvara’s continued dedication to providing sustainable, high-quality public transport solutions across Sweden. https://lnkd.in/eHP4fr26

Last week, the Cube team gathered with our district heating portfolio companies ENETIQA a.s., Cogeninfra Group and GRECO for Cube’s annual District Heating Summit, this year held in the Czech Republic. The event provided an opportunity for management teams to share knowledge and best practices on gas supply, decarbonization through biomass and asset optimization through trading and flexible systems. This was followed by a site visit of ENETIQA's biomass-based district heating plant in the town of Pehrlimov. We thank all participants for their valuable contributions to the discussions and already look forward to next year’s summit!

In a recent keynote interview, our ESG team Aurélien Roelens, Erwann Duquesne and Tiffany Yang spoke with Infrastructure Investor about addressing physical climate risks linked to a predicted increase in global temperature. They discussed the importance of factoring in adverse climate scenarios when building and upgrading infrastructure, the role of investors in helping portfolio companies protect infrastructure against unprecedented climate events and the energy efficiency efforts of Cube portfolio companies dstelecom, Mekka Traffic Group and ENETIQA a.s. in providing solutions.   You can read the full article below. https://lnkd.in/et63BtGX

The Cube team looks forward to attending the Infrastructure Investor America Forum 2024 in New York on December 4-5th. Our Chairman & CEO Renaud de Matharel, Partner Emmanuel Rogy, Head of Investor Relations and Communications Brice Vivies and Investor Relations and Communications Senior Associate Pauline Ferrand Messier will be attending. Please contact the team if you're attending and would like to set up a meeting. Learn more about the event: https://lnkd.in/eFPpzSUA

Last month, our Senior Investment Manager Alberto Martinez attended the CEE Debt Finance Forum in Vienna and participated in the panel discussion titled ‘Financing the energy transition’. The forum highlighted the financing landscape for energy transition projects in Central and Eastern Europe, focusing on the key trends and challenges. During the discussion, Alberto underlined local government awareness of the need to invest in new technologies, including energy storage, and the ongoing challenges in providing regulatory support, particularly establishing frameworks for energy storage participation in energy markets. The conversation also examined the need for governments to implement tailored decarbonization strategies to individual economies, focusing on the CEE’s unique opportunity to reduce CO2 emissions from buildings through decarbonizing district heating networks and implementing energy efficiency solutions in buildings. Reflected through our partnerships with district heating operators ENETIQA a.s., Cogeninfra Group and GRECO and with energy-from-waste management portfolio company RiverRidge , we are proud to be at the forefront of energy transition investment in Europe 🌏

Featured in the Infrastructure Investor article ‘Inside co-investment's relentless rise’, Cube's Chairman and CEO, Renaud de Matharel, discusses how co-investment strategies are reshaping the investment landscape by offering GPs and LPs growth and collaboration opportunities amid a slowdown in fundraising. For a deeper dive into this emerging trend, and how co-investments enable GPs to access deals that might otherwise be off limits without additional funding, such as Cube’s acquisition of Verdis A/S - Denmark with three co-investors, read the full article: https://lnkd.in/e_arnh9K

Last Thursday, we welcomed our Cube II portfolio companies Mekka Traffic Group and Compagnie Française des Transports Régionaux, both leading public transport operators in Sweden and in France respectively alongside our senior advisors to our 7th Public Transport Summit near Paris. We exchanged about the transformation of both groups, their opportunities and challenges as well as best practices and fleet electrification. We would like to thank all participants for their valuable contributions to the discussions!

In a recent Infrastructure Investor roundtable on digital infrastructure, Cube Infrastructure Managers Partner Stéphane Calas shared his insights on Cube’s partnership-driven approach to investing in digital assets, building long-term value and future-proofing investments. With surging demand for digital infrastructure driven by rising data consumption, asset prices have escalated, challenging managers to find suitable investments. The roundtable discussion covered the importance of adapting to industry changes, mitigating technological risks, and prioritizing environmental considerations to ensure asset longevity and sustainable growth. "In a market where prices for data centers continue to rise, we aim to balance risk and reward by developing close partnerships with sellers, enabling both sides to create value and benefit in the long term," Stéphane says. Click the link to read the full article and learn how Cube navigates the digital infrastructure space: https://lnkd.in/eEM9Nhvy

In our final video of the Transport and Environment series, Investment Director Antonio Rosamina discusses Cube’s strategy in the temperature-controlled logistics sector. Essential for the transportation of food and pharmaceuticals, this resilient market benefits from high barriers to entry, including specialized capital-intensive infrastructure, a high degree of regulation and long-term client relationships. Cube has partnered with DISPAM and Müller Transporte GmbH through its Cube III fund, aiming to consolidate this fragmented market and build national champions. Watch the video to learn more about our approach to this sector🎥