“The Cube investment is an important step in Covage’s evolution as a growing operating company.”

French infrastructure fund Cube Infrastructure has acquired the French division of Neolectra Group, an independent power producer with assets in France and Spain.

French infrastructure fund Cube Infrastructure and Italian railway operator Ferrovie dello Stato have acquired Arriva Deutschland, Germany’s second-largest private regional transport operator, owned by Deutsche Bahn.

A consortium led by Ferrovie dello Stato in partnership with Cube Infrastructure has been selected to acquire the German business activities of the Arriva Group. Through this acquisition, the consortium led by Ferrovie dello Stato in partnership with Cube Infrastructure captures a relevant 5% market share with the objective to further develop the business on the buoyant German public transport market.

Cube Infrastructure chief executive Renaud De Matharel and managing partner Henri Piganeau argue that discussions on infrastructure investing have focused too much on financial characteristics. They tell Bruno Alves why fruitful relationships are really the key to long-term success in the asset class.

Following another fund-raising exercise closed on July 1, 2010, the Cube Infrastructure fund lifted total capital invested in the fund to €1.08 billion, in excess of its €1 billion initial target.