DIF Capital Partners has plans to acquire a majority stake in Germany’s ruhrfibre and fund the buildout of a large-scale fiber network in Essen, Germany.
ruhrfibre is planning to develop, construct and operate an urban fiber-to-the-home network in Essen that is primarily focusing on connecting private households, as well as public and business customers, to high-speed internet. Throughout the next few years, the company will roll out a network of more than 1,000 kilometers (621 miles) of fiber, targeting about 150,000 households.
The DIF CIF III fund, which has a target size of €1.5 billion ($1.6 billion) will serve as a funding partner to the project. DIF CIF III invests in small- and mid-sized core-plus infrastructure companies around the world, targeting mid-term contracted cash flows with a modest risk profile that offer attractive returns for investors.
“We firmly believe in the importance of an improved digital infrastructure in the beating heart of
