Egis plots global growth after 40% sale to Tikehau Capital

By Dominic Ellis
Egis aims to become a global top 10 engineering company and double its turnover within five years following 40% stake sale to Tikehau Capital

Egis is eyeing new international opportunities after selling a 40% stake to Tikehau Capital.

The French multinational firm specialising in the construction, engineering and mobility services sectors has announced a deal has been reached between Caisse des Dépôts and Tikehau Capital, a global alternative asset management group.

Egis is now setting its sights on becoming a global top 10 engineering company and doubling its turnover within five years.

Tikehau Capital intends to support Egis' ambition to be a leading player in intelligent and sustainable infrastructure to combat climate change, preserve biodiversity and improve global living standards. The group will also support Egis' model as an independent player, both in its engineering and operation-maintenance activities.

"Tikehau Capital will support us in achieving the ambitions of our ‘Impact the Future’ strategic project: improving the living standards for current and future generations and becoming a global leading player in addressing climate change," said Laurent Germain, CEO of Egis.

“The arrival of Tikehau Capital alongside our historical investors will provide Egis with the additional resources to accelerate our growth internationally, to expand our range of services and to continue developing innovative solutions that meet the growing needs of our customers."

Following the completion of this transaction, Tikehau Capital will hold 40% of Egis' capital, through its T2 Energy Transition Fund. Caisse des Dépôts retains a 34% stake, alongside Egis’ executive partners and employees who hold 26% of Egis’ capital after increasing their stake by 2% as part of the deal.

Emmanuel Laillier, Head of Private Equity at Tikehau Capital, and Pierre Devillard, Executive Director in the Private Equity team at Tikehau Capital, said Egis is involved in numerous infrastructure projects and in the operation of facilities utilised by millions of people globally.

"Environmental challenges are a key priority for Egis: its long-standing expertise in developing sustainable solutions will provide the company with a major differentiation lever to position itself among the world's leading engineering services companies," he said.

Tikehau Capital launched its T2 Energy Transition fund in 2018, which aims at accelerating the growth of European companies contributing to the transition to a low-carbon economy. In February 2021, the fund completed its fundraising, with over €1 billion raised, exceeding its original fundraising goals. To date, the fund has invested in nine companies active in the clean energy production, low-carbon mobility and energy efficiency sectors.

Caisse des Dépôts has played a key role in the creation and development of Egis Group and will continue supporting the group over the long term, alongside Tikehau Capital and its executive partners and employees, with an active role in the company's governance.

"Egis continues leveraging its exceptional growth path and is well positioned to become a key player in ecological transition and sustainable regional development," concluded Éric Lombard, CEO of Caisse des Dépôts Group.


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