Infrared Capital Partners Limited and HICL Infrastructure PLC agreed to acquire 15.1% stake in Altitude Infrastructure SAS from Altitude Group plc (AIM:ALT) on April 5, 2023. The investment will be funded by HICL's £650m Revolving Credit Facility ("RCF") with completion expected in Q2 2023. Matthew Coakes of RBC Capital Markets, LLC, David Yovichic of Investec Bank plc acted as financial advisor to HICL Infrastructure PLC.

Sarah Felmingham of Aztec Financial Services (Uk) Limited acted as financial advisor to HICL Infrastructure PLC.