Alternative asset manager Tikehau Capital announced a capital raise for its portfolio company Egis, reaffirming its commitment to supporting its international expansion. This deal marks the launch of Tikehau Capital’s first private equity continuation fund dedicated to Egis, with a size exceeding €1 billion.
This investment is backed by the second vintage of Tikehau Capital’s flagship private equity decarbonization strategy, as well as a leading group of investors, including co-lead investors: A consortium comprising of Apollo S3 and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and Neuberger Berman (managed funds on behalf of clients).
This deal marks the fourth investment from Tikehau Capital’s second vintage private equity strategy focused on decarbonization, raising over €2 billion in capital just one year after its initial closing, 1.5 times the size of its predecessor. Egis, a global leader in architecture, engineering, and construction, focuses on smart infrastructure that addresses climate change while promoting sustainable development.
Tikehau Capital initially acquired a controlling interest in Egis from Caisse des Dépôts et Consignations (CDC) in January 2022. This investment supported Egis’s strategic acquisitions for international growth. Since then, Egis has surpassed its 2022 growth targets, more than doubling its EBITDA and achieving revenues over €2.2 billion in 2024.
The funding secured from the continuation fund managed by Tikehau Capital will enable Egis to advance its growth trajectory. The company aims to double its size by 2028 and strengthen its position as a global leader in decarbonizing transport, cities, and energy.
As part of this transaction, the continuation vehicle will also benefit from additional subscription commitments to support future capital increases. This will provide Egis with the necessary financial resources to implement its successful buy-and-build strategy. CDC remains a key shareholder in supporting Egis’s development.
Tikehau Capital’s decarbonization strategy focuses on investing in companies that are at the forefront of global electrification, resource and energy efficiency, low-carbon solutions, and climate adaptation. Through this investment strategy, Tikehau Capital continues to support businesses that play a crucial role in meeting the increasing global energy demand while reducing the carbon footprint of the economy and enhancing its resilience.
