DIF Capital Partners acquires 54% stake in 4th utility
DIF Capital Partners, through its DIF Core Infrastructure Fund II (DIF CIF II), has announced that it has completed the acquisition of a majority stake (54%) in 4th Utility.
4th Utility partners with residential and commercial landlords, property developers and housebuilders 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.
The equity value for the stake is close to GBP 25 million (US$ 32.78 million).
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