Infracapital acquires GB Railfreight from Hector Rail Group.

Hector Rail Group, the EQT Infrastructure portfolio company, has entered into a definitive agreement to sell GB Railfreight, a leading rail freight operator in the United Kingdom, to Infracapital, the unlisted infrastructure equity arm of M&GPrudential. Financial terms were not disclosed. During EQT Infrastructure’s ownership, GB Railfreight successfully expanded its contract portfolio by adding additional contracts from both existing and new customers and significantly increased its share of the UK rail freight market. There has been strong focus on driving expansion in the high-growth intermodal segment, with several new routes having been launched. “Together with EQT, the Company has been able to continue on our strong growth trajectory, adding a range of new freight services across the UK rail network and supporting the growth of the UK economy by transporting goods and materials across the country. We continue to see strong demand for our services and look forward to entering the next phase of growth together with our new owners.” John Smith, GB Railfreight, CEO and founder.