BRISA

Operating the backbone of

Portugal’s road system

One of the world’s largest motorway operators and Portugal’s largest transport infrastructure company. Operating six major road concessions, covering c. 50% of the Portuguese motorway network.

Transport

logistic

Managed Account

Vehicle

logistics

2007

Investment year

logistics

Invested

Status

logistics

Portugal

Country

Asset manager

João Garcia

More about Brisa

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Managed

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Motorways

0 km

Network length

0 m+

Employees

3rd out of 7 European motorway networks

Market

  • Portuguese economy continues to show strong expansionary trend, leading to robust traffic growth
  • Portugal’s road quality is ranked ninth globally*, as a relatively under-developed public transport system favours car usage
  • Relatively low car ownership for EU standards provides for further growth potential in the long term3
*World Economic Forum GCI 2016 3 428 cars per 1,000 inhabitants vs EU average of 498, ACEA Statistics 2014

Asset

  • Core infrastructure asset providing the backbone of Portugal’s road network connecting the main urban centres, the transport links to Spain as well as the tourist destinations in the south
  • High EBITDA margins with strong free cash flow generation
  • Stable and favourable regulatory framework with toll tariffs increasing annually by inflation (upward only)
  • Leader in electronic tolling and payments platform rollout with select investments in strategic growth areas such as mobility services, car sharing platforms and toll road technology services
  • Market leader in vehicle inspections
  • In July 2015, Brisa sold 30% of BCR, Brisa’s main concession and in March 2017, Brisa sold 100% of NWP, a Colorado ring road concession

Arcus news

June 24, 2024
Arcus announces the sale of AEIF2’s interest in Constellation Cold Logistics
June 20, 2024
Arcus makes investment into eze.network, the fifth investment for its third fund
March 18, 2024
Arcus exceeds fundraising target on third fund at c. €1.61bn
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Date joined

June 2022

Office

London

English

Polish

French

Afrikaans

Karol joined Arcus in June 2022 as a Senior Investment Executive. Prior to joining Arcus, Karol worked in the digital infrastructure origination team at Amber Infrastructure and in the infrastructure principal investments team at Macquarie Capital. Karol is a member of the Digital Origination Team. His infrastructure experience to date has been primarily focused on infrastructure origination.

Karol holds a BA in Accounting and Finance from University of Manchester.

Management roles

  • Head of Energy Sector Team
  • Investment Committee Member