DTCP has successfully held the second closing of its Digital Infrastructure Vehicle II at about €1bn. The Fund was launched in June 2021 and has raised additional capital from new, leading international investors, including BlackRock and abrdn, as well as a sovereign wealth fund from the Middle East and various German insurance companies.
The Fund will continue to raise significant capital until its final closing in 2023. DIV II invests in digital infrastructure – fiber networks, mobile towers and data centers – to accelerate digital transformation and create value for its investors, its portfolio companies, and society.
The Fund focuses on opportunities with defensible market positions and long-term value creation potential through either minority or majority European equity investments. The Fund is targeting eight to ten equity investments in the range of €150 to €250m, offering significant co-investment opportunities to its investors.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Vicente Vento, Founder & CEO of DTCP and Managing Partner of DIV II, says: “We would like to thank our existing and new investors for their support and trust. Our existing portfolio is performing strongly and our investment pipeline holds many exciting opportunities that offer attractive risk adjusted returns. The second closing of DIV II is an important milestone in our journey to accelerate digital transformation and create a diverse, equal and carbon-neutral digital society.” The Fund has already committed €730 million in four transactions.
DIV II was a founding investor in the new Cellnex NL, the leading independent telecommunications tower company in the Netherlands formed through the combination of the Deutsche Telekom and Cellnex tower businesses.
DIV II has invested alongside other leading investors in Open Dutch Fiber and E-Fiber, which jointly constitute the largest independent open access fiber-to-the-home network in the Netherlands. Finally, the Fund has recently signed its latest investment into a leading European data center business, which is expected to be completed shortly.
DIV II qualifies as an Article 8 fund under the EU Sustainable Finance Disclosure Regulation (SFDR), targeting to invest at least 20% of the capital in assets qualifying as sustainable investments. DIV II is committed to reducing its overall greenhouse gas emissions and becoming carbon net zero at the portfolio company level by 2040.
Source: Press Release
Hollysys management to lead take-private deal at $1.8bn valuation
consortium led by China’s Hollysys Automation Technologies management plans to take the…
Semiconductors ripe for private equity after CHIPS Act
A U.S. effort to bolster domestic semiconductor manufacturing is likely to spur more private…
Nielsen Shareholders Approve $16bn Sale to Private Equity
Nielsen Holdings said that shareholders have voted to approve a $16bn transaction in which the…
The post Digital Transformation Capital Partners holds second close of Digital Infrastructure Vehicle II at about €1bn appeared first on Private Equity Insights.