DC Advisory advises InfraRed Capital Partners and Arjun Infrastructure on their investment in Altitude Infra

Background

• InfraRed Capital Partners is an international investment manager based in London actively managing over 230 infrastructure projects in 18 countries
• Arjun Infrastructure Partners (Arjun Infrastructure) is an independent investment firm with a focus on European mid-market infrastructure investments and €5.4BN assets under management

• Altitude Infra is a leading owner/operator in the French fiber-to-the-home market, with a c. 30% market share of the fiber footprint in the Public Initiative Networks (PIN) areas. It owns and operates 27 separate infrastructure networks awarded under the PIN scheme which together cover more than five million homes across France

Process

• DC Advisory was engaged by InfraRed Capital Partners and Arjun Infrastructure to provide comprehensive buy-side M&A advice based on its deep sector knowledge as well as its existing relationship with Altitude Infra
• DC Advisory leveraged its experience in the sector to provide thorough financial and strategic advice, including process strategy, supporting the negotiations and transaction documentation preparations

Outcome

• In May 2023, InfraRed Capital Partners, alongside other InfraRed-managed funds and Arjun Infrastructure acquired a minority position in Altitude Infra
• The successful outcome of this transaction illustrates DC Advisory's strong expertise in the Infrastructure and the French fiber sector, and strengthens the firm’s M&A track record in advising on fiber transaction in France