HICL Infrastructure, a fund managed by InfraRed Capital Partners, has acquired a 55% stake in ADTiM SAS in France from DIF Core Infrastructure Fund I, managed by DIF Capital Partners. 

ADTiM SAS operates an independent wholesale fiber network that provides households in low-density rural areas of the Ardèche and Drôme departments, in southeast France, with 11.4 thousand miles (18.3 thousand kilometers) of fiber-to-the-home broadband infrastructure. 

DWPF acted as a model audit advisor to HICL Infrastructure on this acquisition, while DIF was advised by DC Advisory (financial), Orrick (legal), Analysys Mason (commercial), KPMG and Denjean & Associés (tax & accounting), Currie & Brown (technical) and Marsh (insurance).