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Allen & Overy advises InfraRed Capital Partners on an investment into Altitude Infra

Allen & Overy has advised InfraRed Capital Partners on an investment by its listed fund HICL Infrastructure PLC, its European Infrastructure Income Fund IV and other InfraRed-managed funds and accounts, into the Altitude’s fibre-to-the-home platform, Altitude Infra.

Altitude Infra is a leading owner/operator in the French FTTH market, with a c. 30% market share of the fibre footprint in the Public Initiative Networks (PIN) areas. It owns and operates 27 separate infrastructure networks, which together cover more than five million homes across France.

This transaction expands InfraRed’s fibre investment portfolio.

The Allen & Overy team was led in Paris by partners Alexandre Ancel and Romaric Lazerges, and composed of senior associate Julie Parent and associate Myriam Azmy on corporate aspects, associates Pauline Choplin and Marie Coussi on public law and regulatory aspects, senior associate Zineb Bennis on financing aspects, associate Camille Wattrelos on employment aspects, as well as partner Florence Ninane and associate Noémie Bomble on competition law.