19 August 2020  |  London

DIF Capital Partners acquires majority stake in UK fibre broadband operator

DIF Capital Partners, through its DIF Core Infrastructure Fund II (“DIF CIF II”), is pleased to announce that it has completed the acquisition of a majority stake (54%) in 4th Utility, a fibre-to-the-premise (“FTTP”) infrastructure developer and internet service provider based in Hale, Manchester (UK).

4th Utility partners with residential and commercial landlords, property developers and house builders to design, install and upgrade their properties with state-of-the-art FTTP infrastructure.

4th Utility currently operates FTTP networks within a number of residential property developments in the North of England. DIF CIF II will provide significant capital to fund a large pipeline of opportunities generated by 4th Utility with their development partners throughout the UK.

“We are excited to partner with DIF Capital Partners who share our desire to invest in high-quality fibre infrastructure providing ultrafast internet access to properties across the UK. This long-term investment allows us to expand our current platform and provide ‘full fibre’ connectivity to a significant number of new customers” comments Tony Hughes, CEO of 4th Utility.

The transaction is the first investment for DIF CIF II in the UK and its third investment in the digital infrastructure sector following recent acquisitions in Canada and France. “We are pleased to bring our experience in digital infrastructure to support 4th Utility and their management team in delivering FTTP infrastructure investment to underserved properties in the UK” comments Willem Jansonius, Head of DIF CIF.

Please visit www.the4thutility.co.uk for further information.

About DIF Capital Partners

DIF Capital Partners is a leading global independent infrastructure fund manager, with €7.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

  • DIF CIF funds target equity investments in small to mid-sized infrastructure assets in the telecom, energy and transportation sectors.
  • DIF Infrastructure funds target equity investments in public-private partnerships (PPP/PFI/P3), concessions, utilities and renewable energy projects with long-term contracted or regulated income streams.

DIF has a team of over 145 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto. Please visit www.dif.eu for further information.

Contact: Thijs Verburg, IR & BD; t.verburg@dif.eu.