- DC Advisory (DC) acted as exclusive financial advisor to UBS Asset Management on its investment in Altitude Infrastructure.
- UBS Asset Management investment is part of a broader fundraising effort by Altitude Infrastructure, which raised over €500m in equity and junior debt and plans to invest more than €2.5bn over the next 3 years to accelerate the development of fibre in France.
- The funds will allow Altitude Infrastructure to continue gaining scale in the French fibre market and consolidate its position as the largest independent fibre player in France.
- The timing of the transactions, successfully executed during a period of significant market volatility and disruption from COVID-19, is a strong testimony to the resilience of the Altitude Infrastructure business model and attractiveness of the fibre network industry.
- The successful outcome of this transaction illustrates DC's strong expertise in the infrastructure sector.