€1 billion raised through Tikehau Capital’s first continuation fund to support Egis’ next phase of global expansion and strategic acquisitions.
Co-led by major investors including a consortium of Apollo S3/ADIA and Neuberger Berman; the fund is part of Tikehau’s second private equity decarbonisation vintage.
Egis targets doubling in size by 2028, following early achievement of its growth targets, with revenue surpassing €2.2 billion in 2024.
Tikehau Capital has announced a €1 billion capital raise to fuel the continued global expansion of Egis, its portfolio company and a leader in sustainable infrastructure, engineering, and mobility services. The raise is part of Tikehau’s first private equity continuation fund, designed to back Egis’ growth through strategic acquisitions and international scale-up.
The fund is co-led by a high-profile investor consortium that includes Apollo S3 and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), along with Neuberger Berman (investing via client-managed funds). This is the fourth investment under Tikehau’s second vintage of its flagship decarbonisation strategy, which has now raised more than €2 billion—1.5 times the size of its predecessor—just a year after first closing.
“Reinvesting in Egis through our second vintage is a natural step in our mission to back transformative companies driving the decarbonisation of the economy,” said Mathieu Badjeck and Pierre Abadie, Co-Heads of Tikehau Capital’s Private Equity Decarbonisation Strategy, and Emmanuel Laillier, Private Equity CIO. “Over the past three years, Egis’ management has demonstrated outstanding leadership, successfully driving rapid expansion, strategic acquisitions and operational excellence.”
Egis has exceeded the growth targets it set out in 2022 several years ahead of schedule. Since Tikehau’s initial acquisition of a controlling stake from Caisse des Dépôts et Consignations (CDC) in January 2022, Egis has more than doubled its EBITDA and exceeded revenue expectations, with 2024 revenue surpassing €2.2 billion.
The new continuation fund will help Egis double its size again by 2028 and strengthen its leadership in decarbonising transport, cities, and energy infrastructure. Additional investor commitments will provide capital flexibility for future M&A activity, particularly in North America.
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CDC remains a key shareholder, underscoring the collaborative approach supporting Egis’ ambitious transformation under its “Impact the Future” strategy.
“We are grateful for the continued support of our shareholder, Tikehau Capital,” said Laurent Germain, CEO of Egis, and Olivier Gouirand, CFO. “Their confidence has enabled us to pursue our ambitious strategic plan with determination—aiming to join the top 10 construction engineering companies and tackle the challenge of decarbonisation.”
“We welcome Apollo S3, ADIA and Neuberger Berman and appreciate their trust. This transaction reaffirms the relevance of our strategy and our ability to achieve our ambitions together with our 20,500 employees.”
Tikehau Capital’s decarbonisation strategy focuses on companies advancing electrification, resource and energy efficiency, and climate adaptation. Through continued investment in Egis, Tikehau reinforces its commitment to scaling sustainable infrastructure globally and reducing the carbon footprint of the global economy.
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