InfraRed Capital-backed HICL Infrastructure failed to acquire a 55% stake in ADTIM from DIF Capital Partners.

InfraRed Capital-backed HICL Infrastructure, a closed-ended investment company, failed to acquire a 55% stake in ADTIM, a French wholesale infrastructure telecom operator, from DIF Capital Partners, a private equity firm. Financial terms were not disclosed. The company remains on track to complete its remaining commitment, the acquisition of Texas Nevada Transmission, before 31 March 2023.