DIF Capital Partners has acquired a 54 percent majority stake in 4th Utility, a fiber-to-the-home infrastructure developer and internet service provider based in the United Kingdom.
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. The company currently operates FTTP networks within a number of residential property developments in the North of England.
The transaction was made on behalf of the DIF Core Infrastructure Fund II (DIF CIF II), representing the fund’s first investment in the United Kingdom and its third investment in the digital infrastructure sector. It follows on the heels of an investment in French fiber optic operator IELO on behalf of the fund in July.
In addition, last week, the firm purchased a 49 percent stake in Euro
