ADIA and Neuberger Back Tikehau in Raising $1.17 Billion

France-based Tikehau Capital, a global alternative asset management Group with $59.23 billion of assets under management at 31 March 2025, said that it has raised $1.17 billion for its portfolio company Egis, reaffirming its long-term commitment to supporting the company’s international expansion.

This marks the launch of Tikehau Capital’s first private equity continuation fund dedicated to Egis, with a size exceeding $1.17 billion. The fund aims to support Egis’ growth trajectory and accelerate its global development, particularly through strategic acquisitions.

This investment is backed by the second vintage of Tikehau Capital’s flagship private equity decarbonisation strategy, as well as a leading group of investors including as 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 transaction marks the fourth investment made through the second vintage of Tikehau Capital’s private equity strategy dedicated to decarbonisation. With this transaction, the second vintage has surpassed $2.34 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. Egis designs, develops and operates smart infrastructure and buildings that address climate change challenges while fostering more balanced, sustainable and resilient development.

Tikehau Capital initially acquired from Caisse des Dépôts et Consignations (CDC) a control position in Egis in January 2022 through the first vintage of its flagship private equity decarbonisation strategy to support Egis’ objectives of executing strategic acquisitions to expand internationally.

Egis exceeded the growth targets it set out in 2022 several years ahead of plan; and since then, it has more than doubled its EBITDA and exceeded its revenue targets, with revenue surpassing $2.58 billion in 2024.

The capital raise secured via the continuation fund managed by Tikehau Capital should enable Egis to continue this journey and will support its next growth phase, in which the company aims to double its size by 2028 and further solidify its position as a global leader in the decarbonisation of transport, cities and energy.

Support Future Capital Increases

In addition, as part of this transaction, the continuation vehicle also benefits from additional subscription commitments to support future capital increases, supporting Egis with the necessary financial resources to pursue its successful buy-and-build-strategy. CDC remains a key shareholder to support Egis’ development.

Tikehau Capital’s decarbonisation strategy focuses on investing in companies 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 critical role in meeting the growing global energy demand while reducing the carbon footprint of the economy and enhancing its resilience.

Mathieu Badjeck and Pierre Abadie, Co-Heads of Tikehau Capital’s Private Equity Decarbonisation Strategy, and Emmanuel Laillier, Private Equity Chief Investment Officer at Tikehau Capital, said that reinvesting in Egis through their second vintage is a natural step in the mission to back transformative companies driving the decarbonisation of the economy.

Egis CEO Laurent Germain and CFO Olivier Gouirand said that Tikehau Capital. Since 2022, their journey has demonstrated the full potential of a strong collaboration between Egis’ management and the Tikehau Capital private equity team, helping to transform Egis and strengthen its position among industry leaders.

“Tikehau Capital’s confidence has enabled us to pursue our ambitious strategic plan, “Impact the Future”, with determination – aiming to join the top 10 construction engineering companies and tackle the challenge of decarbonisation,” they said.

They also said that 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.