M&G has invested €35m in Akiem as part of a wider €125m financing secured by the European locomotive and passenger trains lessor and maintenance firm.
M&G said it is making the investment primarily via its life’s long-term annuity capital, alongside third-party client capital.
The overall €125m, 20-year, senior-secured, green private placement is to support the modernisation and expansion of Akiem’s rail fleet.
Founded in 2008, Akiem operates in 22 countries, serves more than 110 clients and is majority owned by La Caisse.
Jérôme Dardaine, associate director in M&G’s project and infrastructure finance team, said: “This investment supports Akiem’s long‑term growth plans and its ambition to expand modern rail fleets across Europe. Rail plays a key role in reducing transport emissions, and Akiem’s focus on electric and well‑maintained rolling stock directly supports that transition.
“This is exactly the type of essential, sustainable infrastructure that we aim to finance on behalf of our clients.”
Chris Nishan, head of infrastructure debt at M&G Investments, said: “This transaction reflects M&G’s long‑standing approach of providing patient, long‑term capital to high‑quality infrastructure businesses.
“Akiem benefits from stable revenues, strong ownership and a clear environmental purpose, making it well suited to long‑dated financing that supports both growth and wider societal outcomes.”
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