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Laxman Pai, Opalesque Asia: The global alternative asset manager Tikehau Capital has raised over €1 billion ($1.17 billion) through a continuation fund to back the next phase of growth for Egis, its global engineering and infrastructure portfolio company.
The transaction is anchored by a consortium comprising Apollo S3 and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), alongside co-lead investor Neuberger Berman.
"This transaction marks the launch of Tikehau Capital's first private equity continuation fund dedicated to Egis, with a size exceeding €1 billion. The fund aims to support Egis' growth trajectory and accelerate its global development, particularly through strategic acquisitions," said a press release from the public French alternative asset management firm.
As per the release, this transaction marks the fourth investment made through the second vintage of Tikehau Capital's private equity strategy dedicated to decarbonization. With this transaction, the second vintage has surpassed €2 billion in capital raised, just one year after its first closing, reaching a size 1.5 times larger than its predecessor.
Egis is a global leader in architecture, consulting, engineering, construction, and mobility services. The company designs, develops, and operates smart infrastructure and buildings that address climate change challenges while fostering more balanced, sustainable, and resilient development.
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