Tikehau Capital Raises €1B To Boost Egis Expansion

Tikehau Capital raised €1 billion in its first private equity continuation fund reaffirming its mission focus on sustainable infrastructure and super-charging the global growth path of cornerstone portfolio firm Egis. Record-breaking fundraise is part of Tikehau's second private equity decarbonisation vintage and will support Egis' ambition to double by 2028 as it positions itself as a global leader in engineering and mobility solutions that drive climate action.

The growth is led by a blue-chip consortium led by Apollo S3, a fully owned subsidiary of the Abu Dhabi Investment Authority (ADIA), and Neuberger Berman, the latter via client-managed accounts. Their investment is a resounding vote of confidence in Egis' business model, management, and contribution to the future low-carbon economy. The continuation fund will supply the capital of necessity to propel Egis' future phase of international growth, with strategic emphasis on expanding operations and finishing mergers and acquisitions, particularly in North America.

This €1 billion is the fourth significant investment through Tikehau Capital's second vintage of its core decarbonisation strategy, which has raised more than €2 billion to date—1.5 times the previous fund. The success of the strategy underlines increasing investor appetite for climate-alignment investments that not only lead to growth but help the global energy transition. Tikehau's investment hypothesis remains centered on those businesses that facilitate electrification, resource and energy efficiency, and climate resilience.

Mathieu Badjeck, and Pierre Abadie, Tikehau Capital's Private Equity Decarbonisation Strategy Co-Heads, and Emmanuel Laillier, Private Equity Chief Investment Officer, underscored the fact that reinvesting in Egis is a natural extension of their climate investment strategy. They praised Egis' management for outstanding performance over the last three years, particularly for driving strategic growth and operational efficiency. "Egis' management has demonstrated outstanding leadership," said Tikehau executives, alluding to the company's success in surpassing growth targets significantly ahead of time.

Egis was first bought by Tikehau in January 2022 from Caisse des Dépôts et Consignations, a big French state-backed investor. Egis has grown its business considerably since the takeover, doubling its EBITDA more than twofold and reaching revenues of over €2.2 billion in 2024-more than double previous estimates. With a sound history and support of this new fund, Egis is now aiming to double in size yet again by 2028.

The follow-on fund not only supports Egis' scale-up but also enhances its ability to deliver decarbonised infrastructure solutions in urban mobility, cities, and energy systems globally. It also prepares the company for future global acquisitions and innovation in sustainable engineering services. Further investor commitments will also enhance financial flexibility and allow Egis to capture growth opportunities, particularly in North America's fast-changing infrastructure and sustainability market.

CDC remains among the largest owners of Egis, emphasizing a continued joint effort by stakeholders towards the achievement of the company's long-term vision for sustainability. The strategy, known as "Impact the Future," positions sustainability and decarbonization at the center of Egis' growth and operational plans.

Egis CEO Laurent Germain and CFO Olivier Gouirand appreciated the new investor partners and Tikehau Capital for trusting Egis' mission once again. "We welcome back our shareholder, Tikehau Capital, its renewed confidence in our mission," Germain added. "These convictions have allowed us to put our bold strategy plan into action with confidence—to become among the top 10 construction engineering players and meet the challenge of decarbonisation." He also welcome Apollo S3, ADIA, and Neuberger Berman warmly, pointing out that their investment is a vote of confidence in the wisdom and pertinence of Egis' bold strategy.

With a global staff of 20,500 experts and increasing presence on several continents, Egis is well-placed to become one of the leaders in sustainable infrastructure and climate-resilient engineering. The firm's growth path, sustained with a overarching group of investors and new emphasis on environmental responsibility, mirrors wider market trends where investors are increasingly looking to align capital with climate-aware business.

Through this latest investment in Egis, Tikehau Capital is reinforcing its long-term dedication to backing companies that contribute to a more sustainable world economy. This recent fundraise not only marks a milestone for Tikehau and Egis but is also a demonstration of the role of private equity in facilitating true climate action and infrastructure transformation at scale.