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OFI InfraVia makes first investment in communications/infrastructure sector

Thu, 10/01/2013 - 16:04

OFI InfraVia’s first infrastructure fund, InfraVia, has completed the acquisition of a 55 per cent interest in ADTiM previously owned by ETDE, Axione and Eiffage.

The remaining 45 per cent interests are held by Caisse des Dépots (30 per cent) and ETDE/Axione (15 per cent).

Senior project financing debt has been has also been successfully raised from groupe Crédit Agricole to finance the acquisition.

ADTiM is the owner and operator a fibre optic network operating under a 25-year concession with the departments of Drome and Ardeche. Axione (a subsidiary of bouygues Construction SA) will remain in charge of operating and developing ADTiM.

“The investment in ADTiM is an important milestone for OFI InfraVia as it corresponds to our first investment in the communication infrastructure sector which we find quite interesting at the moment,” says Vincent Levita, president of OFI InfraVia. “It also represents the last investment of the fund InfraVia and clearly illustrates our strategy for our successor fund, InfraVia European Fund II.”

“We are delighted to make this investment in ADTiM alongside Caisse des Dépôts and ETDE/Axione and to contribute with the local governments to the development of a sustainable digital infrastructure in the region,” says Gabriel Gauthier, investment manager of OFI InfraVia. “We look forward to work with our partners on similar opportunities in the near future.”

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