An affiliate of GIC has made a minority equity investment in Vauban Infra Fibre (VIF), France’s largest independent digital-infrastructure platform.
The investment will take the form of a capital increase alongside VIF’s existing shareholders — investment funds managed by Vauban Infrastructure Partners and Crédit Agricole Assurances (CAA). Financial terms were not disclosed, but GIC said investment funds managed by Vauban will continue to be the majority investors of VIF.
Conceived and developed in-house by Vauban in 2020, VIF is a diversified platform with an attractive range of brownfield projects, which plays a central role in the development of French digital infrastructure. The company’s broadband platform looks to address the needs of French communities by completing the rollout of local fiber networks, transforming rural areas into “smart” territories. VIF manages more than 13 million of connectable lines through 25 assets across rural, urban and me