Paris-based alternative asset management Tikehau Capital announced the launch of a new continuation fund for its climate-focused architectural, consulting, construction engineering, operations and mobility services portfolio company Egis, raising more than €1 billion (USD$1.2 billion) to support the company’s next phase of growth.
Based in France, Egis designs, develops and operates smart infrastructure and buildings that address climate change challenges, ensuring more sustainable and resilient development.
The new investment was backed by Tikehau’s flagship private equity decarbonisation strategy, which supports companies advancing energy efficiency, electrification, low-carbon solutions and climate adaptation. Tikehau originally acquired a control position in Egis from Caisse des Dépôts et Consignations in 2022 via the first vintage of its decarbonization strategy. Since then, Egis has exceeded its 2022 growth targets ahead of schedule, surpassing €2.2 billion in revenue last year.
In a statement announcing the continuation fund, Tikehau said that the new capital will help Egis to “further solidify its position as a global leader in the decarbonisation of transport, cities and energy.” The investment will support Egis’ continued global development, particularly through strategic acquisitions. The company aims to double in size by 2028. The continuation fund also includes additional subscription commitments to finance future capital increases.
Additional co-lead investors in the Egis continuation fund included Apollo S3 and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) and Neuberger Berman.
Mathieu Badjeck and Pierre Abadie, Co-heads of Tikehau Capital’s Private Equity Decarbonization Strategy, and Emmanuel Laillier, the firm’s Private Equity CIO, said:
“Reinvesting in Egis through our second vintage is a natural step in our mission to back transformative companies driving the decarbonization of the economy. Over the past three years, Egis’ management has demonstrated outstanding leadership, successfully driving rapid expansion, strategic acquisitions and operational excellence.”
The transaction represents the fourth investment under the second vintage of Tikehau’s decarbonization-focused strategy, which has now surpassed €2 billion in capital raised, achieving a fund size 1.5 times larger than its predecessor, just one year after its first closing.
Laurent Germain, Egis’ CEO and Olivier Gouirand, Egis’ CFO, said:
“With future investment commitments, Egis will be able to strengthen its capital base and pursue new strategic M&A opportunities, particularly in North America, where we aim to build a platform that matches the scale of the market.”
