Private Equity Firm Industrial Services

CVC DIF

Amsterdam, North Holland, Netherlands

Formerly known as CVC DIF (Aurora Towers), CVC DIF (CVC DIF Value Add IV), CVC DIF (formerly DIF Capital Partners)

CVC DIF (formerly DIF Capital Partners) is a leading global mid-market infrastructure equity fund manager. Headquartered in Amsterdam, it invests across energy transition, transport, utilities and digitalisation and forms the infrastructure strategy of CVC.

Focus Areas
Infrastructure equity, Energy transition, Transport infrastructure
Website
www.cvcdif.com

Tracked deals

6

6 tracked deals across 2022-2026.

Recent pace

4

4 tracked deals announced in the last 12 months.

Deal mix

Buyout

5 buyout · 1 divestiture

CVC DIF Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for CVC DIF. 1 2022 1 2023 ~5 est. 4 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Carlyle, CVC DIF
    Target
    BauWatch
    Seller
    Haniel
    Industry
    Cybersecurity
    Location
    Netherlands
    Type
    Buyout

    Carlyle and CVC DIF agreed to acquire BauWatch from Haniel as the European remote video surveillance company continues expanding across construction, infrastructure, and renewable energy markets. Haniel will retain a 10% minority stake, and the transaction is expected to close in Q1 2027 subject to regulatory approvals.

  • Buyer
    CVC DIF
    Target
    Gabriela solar and battery energy storage project (272 MW solar, 1,100 MWh storage)
    Seller
    Grenergy
    Industry
    Energy
    Location
    Northern Chile, Chile
    Type
    Buyout

    CVC DIF completed its acquisition of the Gabriela utility-scale solar photovoltaic and battery energy storage project in northern Chile from Grenergy. The transaction was structured to close once the project achieved commercial operation, which has now been reached.

  • Buyer
    CVC DIF (via Aurora Towers), Aurora Towers
    Target
    American Tower Corporation’s Canadian wireless tower portfolio (Canadian telecommunications tower business)
    Seller
    American Tower Corporation
    Location
    Canada
    Type
    Buyout

    CVC DIF, through its portfolio company Aurora Towers, has agreed to acquire American Tower Corporation’s Canadian wireless telecommunications tower business. The transaction covers 255 wireless communication sites across Canada and is expected to expand Aurora’s portfolio to more than 650 sites, subject to regulatory approvals and expected to close in Q4 2026.

  • Buyer
    CVC DIF (CVC DIF Value Add IV)
    Target
    firstcolo GmbH
    Seller
    CUBE Infrastructure
    Industry
    Infrastructure
    Location
    Germany
    Type
    Buyout

    CVC DIF, the infrastructure investment business of CVC, has agreed to acquire a significant majority stake in firstcolo GmbH from CUBE Infrastructure. The investment, via CVC DIF Value Add IV, is intended to support firstcolo’s scalable, AI-ready and energy-efficient data center platform in Germany, with FRA7 in Rosbach vor der Höhe as the initial greenfield project.

  • Buyer
    DIF Capital Partners
    Target
    Tonaquint Data Centers
    Industry
    Cloud & SaaS
    Type
    Buyout

    DIF Capital Partners has signed an agreement to acquire Tonaquint Data Centers, a regional colocation and cloud services provider headquartered in St. George, Utah, with operations also in Boise, Idaho. The investment — made through DIF's CIF III fund — will support Tonaquint's growth, enhance its facilities and expand its service offering while Tonaquint management retains a minority stake.

  • Buyer
    DIF Capital Partners, PGGM Investment Management
    Target
    Saur
    Seller
    EQT Infrastructure (EQT Infrastructure III & IV funds)
    Location
    Île-de-France, France

    EQT Infrastructure has entered exclusive negotiations to sell 50% of its stake in Saur to a consortium composed of DIF Capital Partners and PGGM. The deal will broaden Saur's shareholder base to support continued geographic expansion, accelerate growth of its Industrial Water division, and back the company's 2030 strategic agenda.

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