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

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Managed Account

Vehicle

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2007

Investment year

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Invested

Status

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Portugal

Country

Asset manager

João Garcia

More about Brisa

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Managed

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Motorways

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Network length

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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

November 1, 2024
Arcus continues to demonstrate commitment to ESG, with another successful year in the GRESB Infrastructure Benchmark
October 18, 2024
Summer internship – Murray’s experience
October 8, 2024
Arcus appoints Ronak Patel as Partner and Head of Capital Formation & Investor Relations
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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